J.P. Morgan has lost another senior banker within its technology group – this time in the U.S. Avinash Patel, a New York-based managing director, has left the firm to join Royal Bank of Canada as its new head of business services within the investment bank’s technology team.
The move comes just a month after Goldman Sachs poached an executive director from J.P. Morgan’s EMEA-focused TMT group (technology, media and telecommunications). Goldman elevated Patrik Czornik to managing director as part of the move.
Patel says he has advised on over 50 public, private and cross-border M&A and financing deals over the course of his career, which includes a five-year run at Barclays, according to his LinkedIn profile. This actually isn’t the first time Patel has left J.P. Morgan. He joined the bank out of NYU’s Stern Business School in 1999 and stayed with the firm until 2007, when he left for Barclays. He had a very brief stint at consulting firm Prescient Advisors before returning to J.P. Morgan in 2013.
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