JPM M&A Chicago Gone??
We all know JPM recently announced the discontinuation of their M&A group. For NYC, there are a bunch of coverage groups these M&A bankers can get absorbed into.
But what about Chicago? It’s my understanding that JPM’s only coverage groups in Chicago are Industrials and the Mid-Cap group. Are both of these groups absorbing every M&A banker staffed in Chicago? Is JPM laying people off?
I recently saw the departure of a JPM Chicago industrials banker; she left for global tech at Barclays in Chicago. But I’m unsure if that was related to the organizational changes at JPM.
Does anyone have any intel on this?
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