JPMorgan Chase Hires Deutsche Bank's Ravi Sachdev for Health-Care Banking

JPMorgan Chase & Co. hired Deutsche Bank AG’s Ravi Sachdev, an adviser to health-care services companies including Medco Health Solutions Inc.

Sachdev will join New York-based JPMorgan’s health-care investment-banking group in November, according to an internal memorandum obtained by Bloomberg News and confirmed by JPMorgan spokeswoman Tasha Pelio.

Sachdev advised Medco on its $730 million agreement to buy United BioSource Corp., and IMS Health Inc. on its $5.2 billion leveraged buyout earlier this year. Before joining Frankfurt- based Deutsche Bank’s New York office in 2006, he worked at Peter J. Solomon Co., the boutique advisory firm.

Sachdev is a director of Steven Madden Ltd., the women’s shoemaker.

To contact the reporter on this story: Zachary R. Mider in New York at zmider1@bloomberg.net

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