Marco Caggiano, JPMorgan Chase & Co.’s head of North America mergers and acquisitions, is leaving the firm for Morgan Stanley, according to a person familiar with the matter.
(Bloomberg) — Marco Caggiano, JPMorgan Chase & Co.’s head of North America mergers and acquisitions, is leaving the firm for Morgan Stanley, according to a person familiar with the matter.
Caggiano, a 20-year veteran at JPMorgan, will become a vice chairman at Morgan Stanley, said the person, who asked to not be identified because the details aren’t public. Caggiano joined JPMorgan in 2000 and was named co-head of North America M&A in 2020, according to his LinkedIn profile.
Representatives for Morgan Stanley and JPMorgan declined to comment.
There’s been a lot of talent shuffling across US investment banking this year, as dealmaking lags, European banks retreat from the market, and stateside players slash headcount. Reuters earlier reported Caggiano’s move.
–With assistance from Michelle F. Davis.
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