JPMorgan Expands Oil & Gas Practice with Morgan Stanley Hires

(Bloomberg) -- JPMorgan Chase & Co. is expanding its oil and gas group with two hires from Morgan Stanley.

Jonathan Cox is joining the New York bank as global co-head of oil and gas investment banking and co-head of its Houston office, according to an internal memo obtained by Bloomberg and confirmed by a spokeswoman. Michael Johnson is joining as a vice chairman of investment banking.

They’ve each spent almost eight years at Morgan Stanley, where Cox was most recently head of energy mergers and acquisitions investment banking and Johnson was a senior adviser within that group.

A representative for Morgan Stanley didn’t return a call for comment.

As part of the changes at JPMorgan, Paschall Tosh, will become a vice chairman of investment banking, reporting to Eric Stein, head of investment banking. Tosh was most recently co-head of oil and gas investment banking.

Cox and Johnson joined Morgan Stanley in 2010 together from Deutsche Bank AG. Cox joined the Frankfurt-based bank in 2004 and prior to that he had worked at Goldman Sachs Group Inc.

Johnson worked at Deutsche Bank since 2001 after stints as chief financial officer for a technology startup and as a banker at firms including Donaldson, Lufkin & Jenrette.

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