JP Morgan strengthens core business, appoints new leader to lead the development of technology and healthcare investment banking
JPMorgan Chase is restructuring its senior management team for its technology and healthcare investment banking business, appointing Pankaj Goel, Madhu Namburi, and Drago Rajkovic as global co-heads of technology investment banking, and Mike Gaito as global head of healthcare. This personnel change aims to enhance competitiveness in the healthcare and technology sectors. The new chairs will report directly to the global co-heads of banking, while Ben Carpenter and Jeremy Meilman have been appointed as global co-heads of healthcare investment banking, and Chris Grose and Greg Mendelson as global co-heads of technology investment banking
According to the Zhitong Finance and Economics APP, JPMorgan Chase (JPM.US) is restructuring the senior management team of its technology and healthcare investment banking business, promoting new leaders in these two key areas. According to an internal memo seen by Bloomberg News, the New York-based bank has appointed Pankaj Goel, Madhu Namburi, and Drago Rajkovic as global co-heads of technology investment banking, while Mike Gaito will serve as global co-head of healthcare.
This personnel change highlights JPMorgan Chase, the largest bank in the United States by assets, determination to maintain the vitality and competitiveness of its senior talent pool in the historically active areas of healthcare and technology.
In the memo, global co-heads of the bank Doug Petno and Filippo Gori stated, "These four new leaders have extensive experience within the firm and have played a critical role in the growth of our investment banking business. Our clients and colleagues will benefit greatly from their extensive networks, strategic insights, and market expertise."
All four newly appointed chairs will report directly to Petno and Gori.
Goel previously served as co-head of technology investment banking in North America, Namburi was the global head of technology, and Rajkovic most recently served as vice chairman. Gaito previously held the position of global head of healthcare investment banking.
In another memo, JPMorgan Chase announced that Ben Carpenter and Jeremy Meilman have been appointed as global co-heads of healthcare investment banking, while Chris Grose and Greg Mendelson have been appointed as global co-heads of technology investment banking. They will report to global co-heads of investment banking Jay Horine and Dorothee Blessing.
Carpenter will continue to serve as co-head of North America M&A business.
A representative of JPMorgan Chase has confirmed the authenticity of these memos
