JPMorgan Hires HSBC's Jabre to Boost M&A in Europe, Middle East, Africa

Kamal Jabre, the current global head of mergers and acquisitions (M&A) at HSBC Holdings Plc, is set to join JPMorgan Chase & Co. later this year. According to an internal memo, Jabre will take on the role of vice chairman, with a focus on expanding the bank's M&A business in Europe, the Middle East, and Africa. Jabre, who is based in London, will bring over two decades of experience in investment banking to his new position.

Jabre's career in investment banking began at Morgan Stanley, where he held various senior positions over the course of more than twenty years. Notably, he served as the head of European financial sponsorship and as the vice chairman of investment banking for Europe, the Middle East, and Africa. Additionally, he was the chief executive officer for Morgan Stanley's operations in the Middle East and North Africa. His extensive experience and network in the industry make him a valuable addition to JPMorgan's M&A division.

Jabre's move to JPMorgan underscores the bank's strategic efforts to enhance its M&A capabilities in key regions. By leveraging Jabre's expertise and industry connections, JPMorgan aims to strengthen its position in the competitive M&A market. A spokesperson for JPMorgan confirmed the contents of the memo, while an HSBC representative acknowledged Jabre's impending departure but declined to provide further comment.

Jabre's departure from HSBC marks the end of his tenure as the global head of M&A at the bank. His leadership and strategic vision have been instrumental in driving HSBC's M&A business forward. However, his decision to join JPMorgan presents an opportunity for the bank to bring in fresh talent and continue to grow its M&A division. As Jabre prepares to take on his new role at JPMorgan, the industry will be watching closely to see how his expertise and network will impact the bank's M&A strategy.