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BOSTON (Reuters) - JPMorgan Chase has hired veteran banker Alfredo Porretti to head its shareholder activism defense efforts in North America as investors are launching new campaigns to push corporations into making significant changes, three sources said.
FILE PHOTO: A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in Manhattan, New York, U.S., November 13, 2017. REUTERS/Amr Alfiky
He will head Shareholder Engagement and M&A Capital Markets for North America and will be based in New York, the sources said.
Porretti was previously head of Shareholder Advisory at independent investment bank Greenhill & Co, and before that worked at Morgan Stanley on the bank’s shareholder activism and corporate defense team.