Jimmy Elliott, one of JPMorgan Chase’s most senior deal makers, plans to retire, the firm announced in an internal memorandum on Friday.
Mr. Elliott, who is the global chairman of investment banking, will leave in June to spend more time on his ranch in Texas, according to the memo from Jeff Urwin, a co-head of global banking at the firm.
During his 35-year career, Mr. Elliott worked on several prominent mergers. Among them were Exxon’s $86 billion takeover of Mobil, Sanofi-Aventis’s $21 billion acquisition of Genzyme and the Chicago Board of Trade’s $11.8 billion merger with the Chicago Mercantile Exchange.
He started his career in 1976 at First Boston, focusing on energy mergers, before leading that investment bank’s risk arbitrage department. He then left to join a hedge fund in 1991 and eventually moved in 1997 to J.P. Morgan & Company as a senior deals banker.
In the memo, Mr. Urwin wrote that Mr. Elliott “immediately stood out as a dedicated leader, partner and true client advocate.â€
A spokeswoman for JPMorgan confirmed the contents of the memo.
