Thursday, 26 May 2016
Last updated 6 hours ago
Jun 24 2010 | 7:18am ET
JPMorgan Chase has snagged a Goldman Sachs veteran from a hedge fund to serve as its vice chairman of investment banking.
Michael Lynch joins the banking giant from credit hedge fund shop GSC Group. But before entering the hedge fund world, Lynch spent almost 30 years at Goldman Sachs, including a five-year stint leading its investment banking operations in Latin America. Lynch left Goldman in 2005.
“Michael's long track record of success in investment banking will be extremely useful to our clients and business," said Doug Braunstein, JPMorgan’s Americas investment banking chief. "His experience across an array of industry sectors and geographies, as well as his long-standing client relationships, will be a tremendous asset to JPMorgan.”