Ex BofA executive Elfring joins JPMorgan as EMEA vice chair - memo
Reuters
Published Jun 07, 2021 02:49PM ET
Updated Jun 07, 2021 06:00PM ET
By Pamela Barbaglia
LONDON (Reuters) - JPMorgan Chase & Co (NYSE:JPM) has tapped a former Bank of America Corp (NYSE:BAC) executive to take on a new role as vice chairman of investment banking for Europe, the Middle East and Africa as it battles for key advisory mandates to dominate a resurgent M&A market.
Bob Elfring is re-entering the M&A arena three years after leaving Bank of America where he led corporate and investment banking across EMEA between 2012 and 2018, according to a memo seen by Reuters.
The 62-year-old Dutchman will focus on strengthening JPMorgan's presence outside Britain with an emphasis on the Benelux region where he will work closely with the bank's senior country officer for the Netherlands, Cassander Verwey, the memo said.
Elfring has extensive knowledge of the Dutch market having started his career at ABN AMRO (AS:ABNd) in the capital markets and syndicate group in Amsterdam. He went on taking management positions at Rabobank, Amsterdamse Investeringsbank and MeesPierson.
The Netherlands is home to some of Europe's biggest companies including technology investor Prosus (OTC:PROSF) NV which sold 2% of Tencent Holdings (OTC:TCEHY) for $14.7 billion in the world's largest-ever block trade in April.
Before joining Bank of America, Elfring - who recently became an adviser to private equity firm CVC Capital Partners - worked at Credit Suisse (SIX:CSGN), where he was responsible for the investment banking coverage in Northern Europe and Benelux.
He moved to Switzerland, where he still lives, after the collapse of Lehman Brothers, where he worked for eight years in various roles including co-head of the global industrials group.
At JPMorgan he will report to the bank's co-heads for EMEA investment banking, Dorothee Blessing and Conor Hillery.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.