JPMorgan Names Credit Suisse’s Janoskey EMEA Oil & Gas Head

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JPMorgan Chase & Co. named Credit Suisse Group AG banker James Janoskey as head of oil and gas investment banking for Europe, Middle East and Africa.

Janoskey, who was most recently head of Credit Suisse’s European energy business and co-head of the Swiss bank’s global upstream coverage, will report to Laurence Hollingworth, head of JPMorgan’s EMEA investment banking coverage, according to an internal memo seen by Bloomberg News. The contents of the memo were confirmed by a spokeswoman for the U.S. bank.

A drop in crude prices has increased speculation that oil majors will be forced to consolidate or acquire smaller operators to build scale. Royal Dutch Shell Plc agreed to buy BG Group Plc for about $70 billion in April, in the industry’s biggest deal in at least a decade.

Oil and gas deals globally, including services and pipelines, have increased 77 percent this year to $203 billion, according to data compiled by Bloomberg.

JPMorgan’s previous head of oil and gas investment banking for EMEA, Ben Monaghan, joined oil producer Genel Energy Plc as chief financial officer in February.

Janoskey has a master’s degree in business administration from the University of Chicago, and has worked in London and New York, according to his LinkedIn profile. The veteran banker has over 18 years of international advisory and capital markets experience, according to the memo.

Bank of America Corp. in April named Julian Mylchreest as the sole head of its global power and energy banking business, after Laurie Coben, previously the co-head, decided to leave the firm after 21 years.

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