Elliott, who has worked on several prominent
deals during his 35-year career, will leave the firm to spend
more time on his ranch in Texas, Jeff Urwin, JPMorgan's co-head
of global banking wrote in the memo obtained from JPMorgan by
Reuters.
Elliot joined JPMorgan in 1997 as a senior member of the mergers
and acquisitions department.
"Jimmy has been instrumental in building our M&A franchise into
the world class entity it is today," Urwin wrote.
Elliot had a lead role in Exxon's $86 billion merger with Mobil
<XOM.N> and was also involved in Sanofi's <SASY.PA> $21 billion
acquisition of Genzyme.
(Reporting by Anjalirao Koppala and Aman Shah in Bangalore;
editing by Lisa Shumaker)
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