JPMorgan Names Zethraeus Head of Sweden Investment Bank

JPMorgan Chase & Co. named Bo Zethraeus as head of investment banking for Sweden as dealmaking picks up in the Nordic region, replacing Johan Lustig, who left to join Bank of America Corp.

Zethraeus, who was the New York-based bank’s head of equity capital markets for the Nordic countries, has more than 25 years of experience as an investment banker in Sweden and built relationships with companies, private-equity firms and the government, according to a memo obtained by Bloomberg News.

A spokeswoman confirmed the contents of the memo and said Zethraeus will report to Jake Donavan, senior country officer for the Benelux and Nordic nations. The memo was written by Donavan as well as Klaus Hessberger and Achintya Mangla, co-heads of the equity capital markets team in Europe, the Middle East and Africa.

Zethraeus joined JPMorgan from Skandinaviska Enskilda Banken AB in 2001. JPMorgan plans to announce his replacement as head of Nordic equity capital markets soon, the memo said.

JPMorgan advised Nets Holding A/S on its sale to Advent International Corp., Bain Capital LLC and Danish pension fund ATP last month, as well as Jyske Bank A/S on its acquisition of BRFkredit A/S for about $1.36 billion in February.

Bank of America hired Lustig to be head of global corporate and investment banking in the Nordic region, according to a memo to the bank’s staff on April 7.

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