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JPMorgan has poached Michele Colocci, a senior healthcare banker from
Morgan Stanley, according to a company memo reviewed by the Financial
Mr Colocci, who has been chairman of M&A for Europe, Middle East and
Africa most recently, will take on two roles inside JPMorgan’s
investment bank when he joins in July. He will be co-head of EMEA
industry coverage with Harry Hampson and global co-head of healthcare
investment banking Jeff Stute.
The move will help JPMorgan fill some gaps in its European M&A team
after the departures of healthcare dealmakers Rakesh Patel and
Catherine Petty in recent years. JPMorgan’s previous head of EMEA
industry coverage, Jake Donavan, left for boutique investment bank
LionTree last year.
Ever since JPMorgan advised Pfizer on its failed bid for AstraZeneca
in 2014, the US bank has lagged behind rivals in working on large
European healthcare deals.
Mr Colocci has most recently been focusing on the healthcare sector at
Morgan Stanley, where he advised UK drugmaker Shire on its $32bn deal
for US rival Baxalta last year.
Mr Colocci will report to Viswas Raghavan, JPMorgan’s deputy CEO for EMEA.