JPMorgan’s Top Malaysia Dealmaker Yahya Leaves Firmby and
Yahya, a managing director at the bank, is departing the U.S. firm this week, one of the people said, asking not to be named as the information is private.
The departure comes as the pace of dealmaking in the Southeast Asian nation has slowed. First-time share sales from Malaysian companies totaled $247 million so far this year, compared to $935 million for the same time last year, according to data compiled by Bloomberg. Mergers and acquisitions involving Malaysian companies last year reached $20.9 billion, the lowest since 2009, the data show.
Chris Cockerill, a Singapore-based spokesman for JPMorgan, declined to comment. A message sent to Yahya’s work e-mail address was returned as undeliverable.
Southeast Asian investment banking has experienced several high-profile departures already this year. Tim Leissner, the Goldman Sachs Group Inc. executive who helped build the investment bank’s Malaysia business, left the firm earlier in February.
Nehchal Khanna, the Morgan Stanley managing director focused on Malaysia dealmaking, resigned in January, while HSBC’s head of Southeast Asia banking advisory Alvin Lim is leaving the bank to join buyout firm CVC Capital Partners next month, people with knowledge of the matter have said.