NEW YORK, Oct 30 (Reuters) - JPMorgan Chase ( JPM ) has
appointed former Rothschild executive Eric Hirschfield as the
vice chair for its diversified industries business, according to
a memo seen by Reuters.
The largest U.S. lender by assets has been bolstering its
investment banking leadership as dealmaking and IPOs make a
comeback amid soaring markets and lower rates.
Hirschfield, who will be based in Chicago, was most recently
a partner at Rothschild, where he established their Chicago
office and led mid-west investment banking.
Prior to joining Rothschild, Hirschfield was a senior banker
at Goldman Sachs where he led the paper and packaging industry
business within investment banking.
JPMorgan ( JPM ) has been on a hiring spree and earlier this month
it named a former Bank of America executive as its global chair
of investment banking and M&A.
It also poached three senior investment bankers from
Deutsche Bank and Goldman Sachs to expand its M&A team that
caters to the business services sector.
Investment banking fees at JPMorgan ( JPM ) rose 16% in the third
quarter and the bank has called it its "busiest summer" in a
long time.