JPMorgan Chase & Co. announced that Jimmy Elliott, a 14 year veteran of J.P. Morgan, will become global chairman of mergers and acquisitions.
Elliott will work with the firm’s most important clients on strategic transactions. He has served as head of J.P. Morgan’s global M&A practice for more than five years. He has advised clients including Duke Energy, savofi-aventis and Exxon.
Jim Woolery will join the firm from Cravath, Swaine & Moore to become co-head of North America M&A with Chris Ventresca.
Woolery will join J.P. Morgan on February 7. He currently is a partner in Cravath’s corporate department, handling mergers and acquisitions, public company board of directors and general corporate matters. He is also chairman of the firm’s business development group. His recent clients have included Affiliated Computer Services, Air Products & Chemicals, Crown Castle, National City, TXU and Universal Health, and he regularly represents investment banks in the U.S. He joined Cravath in 1994.
The investment bank also will revamp its healthcare practice, naming Jeff Stute as head of J.P. Morgan’s North America healthcare coverage group.
Stute has been the primary M&A partner and a member of the firm’s healthcare practice for 17 years.
Robbie Huffines will become vice chairman of investment banking and focus on deepening J.P. Morgan’s relationships with the firm’s most important clients.
Elliott, Woolery, Ventresca, Stute and Huffines will report to Jeffrey Urwin and Kevin Willsey, co-heads of investment banking in the U.S. and Canada. -Business Wire