Finance

Deutsche veteran Richard Sheppard to co-head UK deals at JPMorgan


JPMorgan named Deutsche Bank veteran Richard Sheppard as co-head of its UK investment bank as the Wall Street firm continues to add senior talent in Europe as rivals cut back.

Sheppard will join JPMorgan as co-head UK investment banking in November, according to a memo sent to staff, confirming an earlier Financial News report on the appointment in September.

JPMorgan has shaken up the senior ranks of its UK-focused deals team over the past year. Sheppard will partner with Charlie Jacobs, who joined last year from City law firm Linklaters, where he spent 31 years, latterly as its senior partner.

READ Deutsche UK’s dealmaking chief goes ‘old school’ to build out underweight team

Jacobs initially joined as co-head alongside long-serving dealmaker David Lomer. However, Lomer left the US bank in April for private equity, leaving Jacobs as the sole head of the unit.

Sheppard spent more than two decades at Deutsche, where held a number of senior dealmaking positions including co-head of its M&A unit in Europe, the Middle East and Africa. Latterly, he was co-head of is global industrials group.

In October last year, as part of a broader shake-up of Deutsche’s European investment bank, Sheppard was handed a chair role at the bank alongside senior dealmakers Giuseppe Baldelli and Christof Muerb with the aim of drumming up more advisory business at the bank.

In the first nine months of 2022, JPMorgan ranked second by UK investment banking revenue with $219m, according to data provider Dealogic. Rival Goldman Sachs leapfrogged the bank into first place.

To contact the author of this story with feedback or news, email Paul Clarke

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