Centerview Hires JPMorgan’s Sean Carmody for Finance DealmakingBy and
Carmody worked on JPMorgan’s WaMu, Bear Stearns takeovers
Centerview advised Henderson on Janus merger, Everbank on sale
Centerview Partners, the investment bank co-founded by Blair Effron and Robert Pruzan, hired Sean Carmody from JPMorgan Chase & Co. as a partner focused on the financial-services industry.
Carmody is based in New York and was most recently head of financial institutions strategic advisory at JPMorgan, Centerview said Tuesday in a statement. He has worked with clients including banks, asset managers, brokerage firms and financial-technology companies.
The investment bank is expanding its work with financial clients as dealmaking in the industry accelerates. Bank mergers are on track for a seven-year high after companies have been pressured by low interest rates and stricter regulation.
Carmody’s “experience advising some of the most important financial institutions in the country, executing some of the most high-profile and complex transactions, and creating a wide range of long-term client relationships make him a great addition to our firm,” Pruzan said in the statement.
Centerview worked with London-based Henderson Group Plc on its deal announced this week to combine with Janus Capital Group Inc. to create a $320 billion asset manager, a transaction that is expected to inspire more mergers in the industry. The investment bank also advised EverBank Financial Corp. on its $2.5 billion agreement to be acquired by Roger Ferguson’s TIAA.
Carmody worked on JPMorgan’s $1.9 billion takeover of Washington Mutual Inc., and its $1.4 billion purchase of Bear Stearns Cos. during the 2008 credit crisis, Centerview said. He advised on Jefferies Group’s acquisition by Leucadia National Corp., and worked on the agreement this year by Canadian Imperial Bank of Commerce to acquire PrivateBancorp.