Dec 15 (Reuters) – J.P. Morgan’s global chair of investment banking, Jamie Grant, plans to retire early next year after more than four decades at the Wall Street bank, according to an internal memo seen by Reuters on Monday.
Grant, who joined the firm in 1980, helped lead the firm’s initial push into investment banking, advising U.S. and European clients on capital raising in the Eurobond market and contributing to the development of global interest rate derivatives, the memo said.
Bloomberg News first reported Grant’s retirement.
According to the memo, he later helped establish J.P. Morgan’s U.S. equities business, working with policymakers during regulatory changes that followed the repeal of the Glass-Steagall Act, and oversaw the firm’s first IPO and equity underwriting.
Grant went on to lead consumer, retail and healthcare investment banking, after J.P. Morgan’s merger with Chase. Appointed global chair of investment banking in 2013, he advised on mergers and financing transactions, the memo said.
(Reporting by Saeed Azhar in New York and Prakhar Srivastava in Bengaluru; Editing by Maju Samuel)
