May 29 (Reuters) - JPMorgan ( JPM ) has named HSBC's ( HSBC )
former global head of mergers and acquisitions, Kamal
Jabre, as its new M&A Vice Chair to drive expansion across
Europe, the Middle East and Africa (EMEA), according to a memo
seen by Reuters on Thursday.
Alongside Jabre, the bank also named insider Marc Pandraud,
who joined JPMorgan ( JPM ) from Deutsche Bank in 2016, as M&A Vice
Chair.
The two will collaborate closely with JPMorgan's ( JPM ) local
industry, country and M&A teams to expand its franchise in EMEA,
the memo added.
A spokesperson from HSBC confirmed Jabre's departure in an
emailed statement to Reuters. Jabre moved to HSBC from Morgan
Stanley ( MS ) in 2018.
HSBC in January laid out plans to wind down its M&A and some
equities businesses in Europe and the Americas, as part of a
strategy to scale back its global footprint and shift focus to
Asia and the Middle East.