FILE PHOTO: A view of the exterior of JP Morgan Chase & Co.’s corporate headquarters in New York City May 20, 2015. REUTERS / Mike Segar
June 8, 2021
By Pamela Barbaglia
LONDON (Reuters) – JPMorgan Chase & Co has hired a former Bank of America Corp executive to take on a new role as Vice Chairman of Investment Banking for Europe, Middle East and Africa as the company battles key advisory mandates to secure a resurgent M&A to dominate market.
Bob Elfring enters the M&A arena three years after leaving Bank of America, where he ran corporate and investment banking across the EMEA region between 2012 and 2018, according to a Reuters memo.
The 62-year-old Dutchman will focus on strengthening JPMorgan’s presence outside the UK, with a focus on the Benelux region, where he will work closely with the Bank’s Senior Country Officer for the Netherlands, Cassander Verwey, the memo says .
Elfring has extensive knowledge of the Dutch market after starting his career at ABN AMRO in the capital markets and syndicate group in Amsterdam. He then took on management positions at Rabobank, Amsterdamse Investeringsbank and MeesPierson.
The Netherlands is home to some of Europe’s largest companies, including technology investor Prosus NV, which sold 2% of Tencent Holdings for $ 14.7 billion in the world’s largest block trade in April.
Before moving to Bank of America, Elfring – who most recently worked as a consultant to private equity firm CVC Capital Partners – worked at Credit Suisse, where he was responsible for investment banking coverage in Northern Europe and Benelux.
After the collapse of Lehman Brothers, he moved to Switzerland, where he still lives today, where he worked in various functions for eight years, including as co-head of the global industrial group.
At JPMorgan, he will report to the bank’s co-heads for EMEA investment banking, Dorothee Blessing and Conor Hillery.
(Reporting by Pamela Barbaglia in London; Editing by Matthew Lewis)
This article originally appeared on www.oann.com