Finance

JPMorgan hires Gokul Mani to lead emerging markets ECM unit

JPMorgan has hired a former Bank of America dealmaker to head up its equity advisory unit covering emerging markets following a shake-up of the team earlier this year.

Gokul Mani is set to join the US bank in the summer as head of Europe, the Middle East and Africa emerging markets ECM, according to an internal memo seen by Financial News.

Mani spent 15 years at Bank of America in various senior investment banking roles. He spent the past five years working at the London Stock Exchange as its head of Middle East and Africa within its capital markets division.

Mani takes over from Nicolas Skaff, who moved into a role heading up JPMorgan’s Emea private capital markets business in March. Rahul Bhandari, who previously headed up JPMorgan’s private capital markets business in Emea, has moved to Bank of America in a similar role.

READ Bank of America hires JPMorgan’s Rahul Bhandari for private markets push

Mani will cover the Middle East, Africa and Central and Eastern Europe in his new role.

The memo announcing Mani’s appointment from Aloke Gupte and Alex Watkins, co-heads of Emea ECM at JPMorgan, said the bank would be looking to “further build our market leading EM ECM franchise”.

Equity capital markets activity in Europe has slumped by 78% to $33bn, according to data provider Dealogic. However, in the Middle East and Africa there has been $15.6bn of capital raised on stock markets, an increase of 61% on the same period in 2021.

To contact the author of this story with feedback or news, email Paul Clarke

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