NEW YORK, Aug 21 (Reuters) - JPMorgan Chase ( JPM ) has
hired two bankers to boost its investment banking capabilities
for energy companies, including one which will help the bank
focus on coverage of middle-market clients in the sector, per a
memo seen by Reuters.
The bank is creating a new vertical within its mid-cap
investment banking unit to cover natural resources, with Matt
Barrett joining to support and build relationships with
companies providing services and equipment in the energy space,
the memo said.
Brad Epstein is being hired within JPMorgan's ( JPM ) natural
resources investment banking coverage team, with a focus on
serving companies in the midstream and downstream sectors.
A spokesperson for JPMorgan ( JPM ) confirmed the contents of the
memo, which was sent out by Global Co-Heads of Natural Resources
Group Investment Banking Jonathan Cox, Jen Dooly and James
Janoskey, and John Richert, the head of mid-cap investment
banking at the bank.
Both Barrett and Epstein will be based in Houston, and are
joining the bank as managing directors.
Barrett previously worked at TPH, the energy-focused
investment banking arm of boutique adviser Perella Weinberg
Partners ( PWP ), and also spent part of his career at private
equity firm White Deer Energy.
Prior to joining JPMorgan ( JPM ), Epstein spent 13 years within
Citigroup's ( C/PN ) energy investment bank, working with companies
in midstream, downstream and refining, and renewable fuels. He
has also worked at UBS and Citadel, the memo added.