(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.