JPM Hires Nachimowski to Head Chemical Dealmaking in Europe

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JPMorgan Chase & Co. named Deutsche Bank AG’s Arkadi Nachimowski head of chemicals investment banking for Europe, Middle East and Africa, with a list of clients featuring Syngenta AG.

Nachimowski, who has led Deutsche Bank’s European chemicals business since 2007, will report to Ed Byers, head of EMEA industrials, according to an internal memo seen by Bloomberg. The contents of the memo were confirmed by a spokeswoman for the U.S. bank.

Nachimowski joins JPMorgan at a time when the U.S. bank is helping Syngenta AG with its response to an unwanted $45 billion takeover approach from Monsanto Co., a deal that would rank the largest in the agrochemical and seeds industry. Global dealmaking in the chemicals industry has more than doubled this year compared to the same period in 2014, according to data compiled by Bloomberg.

The former UBS Group AG banker replaces Jan-Philipp Pfander, who earlier this year joined Moelis & Co. to lead their chemical dealmaking operation.

Nachimowski helped orchestrate the initial public offerings of Syngenta as well as Lonza AG and Evonik Industries AG. Deals include Cinven’s acquisition of Ceramtec, and BASF SE’s purchase of Pronova.

Earlier this month JPMorgan named Credit Suisse Group AG banker James Janoskey head of oil and gas investment banking for EMEA.

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