J.P. Morgan announces new appointments in Germany and the U.K. & Ireland
May 10, 2012
London – J.P. Morgan has today announced the appointment of Stefan Behr as head of the Global Corporate Bank (GCB) for Germany and Austria, and Mike Elliff as head of the GCB in the United Kingdom and Ireland.
“As we continue to expand J.P. Morgan’s franchise in EMEA, it is vital that we allocate dedicated management and coverage expertise to each market,” said Jose Linares, head of the GCB for J.P. Morgan in EMEA. “These appointments, together with the recent announcement of Abdulaziz Al Helaissi as head of the GCB for the Middle East and North Africa, will complete our corporate banking management team in the region. I am delighted that we have such strong leadership and industry experience to offer our clients.”
Mr. Behr joins from The Royal Bank of Scotland (RBS) where he was head of corporate clients at the bank’s Frankfurt office, responsible for client coverage across German-speaking and Central European markets. Mr. Behr has extensive experience in banking, spanning senior roles at Citigroup where he covered the semiconductor industry across Europe and clients in several industry sectors in Germany, and in Mergers and Acquisitions for Deutsche Bank Group.
Mr. Elliff rejoins J.P. Morgan from RBS where he was most recently Global Head of Energy and Resources within the Global Banking and Markets division, responsible for investment banking coverage across product areas for key multinational corporates in those sectors. He was previously at UBS’s Investment Bank, where he led the build-out of UBS’s presence in Central and Eastern Europe. He started his financial services career at J.P. Morgan, where he spent eight years in the Emerging Markets Capital Markets group.
Commenting on the appointments, Karl Altenburg, Senior Country Officer for Germany, Austria and Switzerland said: “These new hires will further enhance the Global Corporate Bank’s ability to deliver J.P. Morgan’s strong balance sheet and depth of product capabilities to our clients. For our German and Austrian franchises, I am particularly pleased to welcome Stefan, whose proven experience and deep knowledge of the market will be very valuable to our clients.”Mr. Behr joins the firm as a Managing Director, effective July 1, and will report to Jose Linares and to Karl Altenburg in Germany; and Mr. Elliff will join on June 14, reporting to Jose Linares.