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People moves news

JPMorgan Chase hires Michael Fitzgerald for prime brokerage


27 April 2012 Toronto
Reporter: Georgina Lavers

Generic business image for news article
Image: Shutterstock
JPMorgan Chase has hired former Morgan Stanley employee executive Michael Fitzgerald as managing director and senior member of its North American Prime Brokerage team.

In an effort to entice hedge-fund clients to the bank's prime-brokerage division, JPMorgan Chase hired Fitzgerald from Morgan Stanley, where he served as head of US prime-brokerage sales.

"Adding Mike to our team is another way we are continuing to deepen our existing client relationships globally while cultivating new ones" said Lou Lebedin, global head of prime brokerage, and Jeff Bosland, who runs Americas sales and marketing, in an internal memo to staff.

Fitzgerald starts in early May and will report to Paul Brannan, who heads the team.
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