Warburg Pincus Snags Former JPMorgan Exec.

Dec 1 2005 | 11:04pm ET

Veteran banker David Coulter, the former head of the JPMorgan's West Coast operations, which include two private equity units, has joined New York-based private equity firm Warburg Pincus as a managing partner and a senior advisor.

In his new role at Warburg Pincus, Coulter will lead the financial services practice. He will be based in New York, but spend a significant amount of time in the firm's West Coast offices, according to a spokeswoman at the firm.

Coulter stepped down from his role as vice chairman of JPMorgan in July. His resignation reportedly followed a decision by the firm to spin-off some of the private equity funds he was managing.

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