JPMorgan’s Jake Donavan Joins LionTree Europe as President
- One of JPMorgan's most senior specialists is parting ways with the lender for LionTree Europe.
JPMorgan Chase’s loss is LionTree’s gain, as one of the lender’s foremost dealmakers, Jake Donavan, is pegged to leave the group to join LionTree, a telecoms and media-focused boutique advisory firm, according to a Financial Times report.
In his new role as the President of LionTree Europe, Mr. Donavan will be tasked with growing the firm’s European business whilst based out of London – one of the group’s marquee additions in recent months. Mr Donavan is the second senior hire by LionTree, having secured Louis Kenna from BNP Paribas last year.
Big Banks Struggling to Hold Onto Top-Tier Talent
The move is also a blow to JPMorgan, which has found itself, like other lenders, unable to hold on to much of its top talent and personnel. While most of the big banks have cut jobs in a bid to restore profitability, the vast majority of departures have been in the lower ranks, relegated to back office or IT jobs. Still, foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX Desks FX Desks FX Desks are locations where forex traders and dealers with a financial institution, bank, or investment firm work. FX desks are commonly structured as a central point that is shared by more than one trader and given the nature of the sleepless 24-hour forex market.The majority of foreign exchange institutions possess FX desks to meet trading demands. For large-scale financial institutions, FX desks are generally swapped for a dealing facility.This is operated by market makers, also known as liq FX Desks are locations where forex traders and dealers with a financial institution, bank, or investment firm work. FX desks are commonly structured as a central point that is shared by more than one trader and given the nature of the sleepless 24-hour forex market.The majority of foreign exchange institutions possess FX desks to meet trading demands. For large-scale financial institutions, FX desks are generally swapped for a dealing facility.This is operated by market makers, also known as liq Read this Term, fixed income units, and other wealth management teams have all felt the pinch.
Mr. Donavan joins LionTree after recently being promoted to lead coverage of all industries for JPMorgan’s investment bank in Europe, the Middle East and Africa (EMEA) region. Overall, he spent over two decades with JPMorgan, part of a lengthy career that saw him in such areas as the US, Latin America (LATAM), and Europe.
The departure of Mr. Donavan will also pave the way for Harry Hampson, who will be succeeding Donavan. Mr. Hampson has been a JPMorgan mainstay since 1988. Mr. Hampson will continue in his position as head of the bank’s strategic investors group in the EMEA region.
JPMorgan Chase’s loss is LionTree’s gain, as one of the lender’s foremost dealmakers, Jake Donavan, is pegged to leave the group to join LionTree, a telecoms and media-focused boutique advisory firm, according to a Financial Times report.
In his new role as the President of LionTree Europe, Mr. Donavan will be tasked with growing the firm’s European business whilst based out of London – one of the group’s marquee additions in recent months. Mr Donavan is the second senior hire by LionTree, having secured Louis Kenna from BNP Paribas last year.
Big Banks Struggling to Hold Onto Top-Tier Talent
The move is also a blow to JPMorgan, which has found itself, like other lenders, unable to hold on to much of its top talent and personnel. While most of the big banks have cut jobs in a bid to restore profitability, the vast majority of departures have been in the lower ranks, relegated to back office or IT jobs. Still, foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (FX Desks FX Desks FX Desks are locations where forex traders and dealers with a financial institution, bank, or investment firm work. FX desks are commonly structured as a central point that is shared by more than one trader and given the nature of the sleepless 24-hour forex market.The majority of foreign exchange institutions possess FX desks to meet trading demands. For large-scale financial institutions, FX desks are generally swapped for a dealing facility.This is operated by market makers, also known as liq FX Desks are locations where forex traders and dealers with a financial institution, bank, or investment firm work. FX desks are commonly structured as a central point that is shared by more than one trader and given the nature of the sleepless 24-hour forex market.The majority of foreign exchange institutions possess FX desks to meet trading demands. For large-scale financial institutions, FX desks are generally swapped for a dealing facility.This is operated by market makers, also known as liq Read this Term, fixed income units, and other wealth management teams have all felt the pinch.
Mr. Donavan joins LionTree after recently being promoted to lead coverage of all industries for JPMorgan’s investment bank in Europe, the Middle East and Africa (EMEA) region. Overall, he spent over two decades with JPMorgan, part of a lengthy career that saw him in such areas as the US, Latin America (LATAM), and Europe.
The departure of Mr. Donavan will also pave the way for Harry Hampson, who will be succeeding Donavan. Mr. Hampson has been a JPMorgan mainstay since 1988. Mr. Hampson will continue in his position as head of the bank’s strategic investors group in the EMEA region.