JPMorgan Chase Strengthens Consumer and Retail Investment Banking Unit with Two New Managing Directors
(Reuters) – JPMorgan Chase has recently made significant additions to its consumer and retail investment banking unit by hiring two new managing directors, as per an internal memo obtained by Reuters on Friday.
Brian Esmond, previously with Centerview Partners, will be joining the team in Los Angeles. Bryan Fleming, who previously served as a managing director in retail and consumer investment banking at Bank of America, will be based in New York.
Both Esmond and Fleming are expected to commence their roles later this year and will be reporting to Jonathan Dunlop, Patrick Gallagher, and Aaron Weisbrod, as stated in the memo.
JPMorgan’s investment banking fees experienced a 7% increase to $2.5 billion in the second quarter compared to the previous year, driven by growth in mergers and acquisitions as well as debt underwriting activities.
This development was initially reported by Bloomberg News.
(Reporting by Nupur Anand in New York and Prakhar Srivastava in Bengaluru; Editing by Krishna Chandra Eluri)
