If you’re looking for an example of senior bankers moving from the UK to Germany, Markus Boser – who until earlier this year was head of technology media and telecommunications investment banking for EMEA at J.P. Morgan – has moved to Berlin.
This isn’t Brexit related, however, as Boser left J.P. Morgan in February and has now started as chief financial officer at Auto1 in Berlin. Auto1 is a huge online used car marketplace, and one of J.P. Morgan’s clients; Boser made the move in April.
Boser was promoted to the sole head of EMEA TMT at J.P. Morgan in March last year. His role has been split between new co-heads Joachim Sonne and Hugo Baring.
Despite the more muted outlook for investment banking, technology deals have raised $3.5bn in revenue in the first half of 2016, which is just 2% down on last year according to Dealogic. Globally, J.P. Morgan was the top-ranked bank in this area, moving ahead of Goldman Sachs which held the number one slot in 2015.
But there have been some changes to J.P. Morgan’s team in the past few months. As well as Boser’s departure, Sanjay Jain relocated to London from California to lead its European technology team.
Meanwhile, Alberto Lopez Maganto, an executive director in the telecoms team, is now a managing director at Akira Partners, a TMT focused boutique investment bank.