JPMorgan Chase (JPM) is adding two managing directors to its global shareholder engagement and M&A capital markets team as activism defense demand rises, Reuters reported Thursday, citing a company memo.
Duncan Herrington is joining from Jasper Street Partners and Lyndon Park from ICR Shareholder Advisory, the media outlet reported.
Long-time JPMorgan banker Brian Frank will also be moving into the group, Reuters reported.
Based in New York, the trio will work with group co-heads Alfredo Porretti and Darren Novak and report to Head of North America M&A John Hofmann.
JPMorgan did not immediately respond to a request for comment from MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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