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Investing.com -- JPMorgan Chase (NYSE:JPM) is expanding its global shareholder engagement and M&A capital markets group with the addition of two seasoned bankers, as corporations increasingly grapple with pressure from corporate agitators globally. This information was confirmed by an internal memo, which was reviewed by Reuters.
The bank is recruiting Duncan Herrington from consulting firm Jasper Street Partners and Lyndon Park from ICR Shareholder Advisory as managing directors. Brian Frank, a long-time JPMorgan employee, will also be joining this team.
The new hires will be operating under the guidance of Alfredo Porretti and Darren Novak, the global co-heads of the group. They will be stationed in New York.
This hiring spree signifies the most substantial growth of the team in the past decade. It coincides with the rise of activism defense as a profitable service that major investment banks and numerous boutique firms are rushing to provide to their clients.
JPMorgan has verified the contents of the memo.
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