Benjamin Wilson, head of shareholder activism defense for North
America resigned this month to take another job in the banking
industry while Kirshlen Moodley, who was head of the practice in
Europe, Middle East and Africa, left late in 2020, the sources
said.
Wilson who has worked at JP Morgan since 2008 and rose through
the ranks in the bank's Mergers & Acquisitions department is
moving to position at Guggenheim Partners, two sources said.
Moodley, who worked at the bank for nine years, now works at BNP
Paribas CIB in London, according to his LinkedIn profile.
JP Morgan declined to comment.
The moves come only a few months after the bank revamped its
shareholder defense practice in August when it promoted David
Freedman to oversee the business globally after David Hunker
left the bank.
Activism defense has become a major franchise for investment
banks, as hedge funds such as Elliott Management, Starboard
Value and Third Point push for changes at companies.
There has been movement among banks in the last months. In
January, UBS hired Aneliya Crawford from law firm Schulte Roth &
Zabel LLP to co-head its activism defense group.
(Reporting by Svea Herbst-Bayliss with additional reporting by
Greg Roumeliotis; Editing by Leslie Adler and Lincoln Feast)
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