By Nupur Anand
NEW YORK (Reuters) -JPMorgan Chase 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 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 rose 16% in the third quarter and the bank has called it its “busiest summer” in a long time.
(Reporting by Nupur Anand in New York, Editing by Nick Zieminski)
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