REUTERS/Dylan Martinez
- JPMorgan Chase has poached a top stock salesman from rival Goldman Sachs.
- Jack Jonston is joining the firm as co-head of US equity salestrading, according to people familiar with the matter.
A top Goldman Sachs stock salesman has left the firm, and he’s headed to rival JPMorgan Chase, according to people familiar with the matter.
Jack Johnston, a managing director in equity sales at Goldman since 2013, is leaving for JPMorgan, where he will be a managing director and co-head the US equity salestrading business, the people said.
Johnston will co-head the business alongside Benno Green, and they will report into the Adam Englander, who co-heads Americas execution services with Matt Mallgrave.
A nearly two-decade Wall Street veteran, Johnston spent six years at Morgan Stanley before joining Goldman.
Jonston did not immediately respond to requests for comment.
A JPMorgan spokeswoman declined to comment. A Goldman Sachs spokesman did not immediately respond to request for comment.
This story is developing.
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Source: Business Insider – amorrell@businessinsider.com (Alex Morrell)