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Investing.com -- JPMorgan Chase & Co. (NYSE:JPM) has hired Jens Becker, a managing director from UBS Group AG (NYSE:UBS), in a move to strengthen its mergers and acquisitions (M&A) capabilities, according to Bloomberg News, citing sources familiar with the matter. Becker, based in New York, is expected to join JPMorgan in June as a managing director, following a period of gardening leave.
In his new role, Becker will be involved in M&A activities within the energy, power, renewables, and metals and mining sectors. He will be reporting to Jay Hofmann, JPMorgan’s head of North America M&A, and will work alongside Ben Wilson, who returned to the firm last year.
Becker’s career history includes a stint at Standard Chartered (OTC:SCBFF) Plc and two tenures at Credit Suisse Group AG, the latter of which was facilitated through UBS’s takeover of the firm. His shift to JPMorgan is part of the bank’s ongoing efforts to expand its M&A operations, although the hiring has not yet been officially announced.
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