Jan 13, 2023By: Vaamanaa Sethi
Indian-origin Anu Aiyengar has been appointed as the head of JP Morgan Chase’s global mergers and acquisitions (M&A) franchise. She becomes the only female to lead that franchise at a major Wall Street bank.
52-year-old Aiyengar will be sole head since Dirk Albersmeier, who was the co-head of M&A, is stepping aside to focus on client work, according to media reports.
"Going forward, Anu will be the sole head of our global M&A business and Dirk will focus exclusively on providing our clients with first-class M&A advice and continuing to mentor the next generation of M&A leaders," said the company in an internal memo.
Aiyengar has been working at JP Morgan for over 20 years. She joined in 1999 as managing director and served in the position till 2015.
In 2020, she became the co-head of global M&A at the company – becoming the only woman and person of colour to hold the position..
According to media reports, Aiyengar has advised on big deals including Burger King's acquisition of Tim Horton.
Before joining JP Morgan, she worked as a manager at American Express for four years. She is on the boards of Youth INC, a venture philanthropy organisation, and Dress for Success Worldwide, a not-for-profit organisation. She is also a board trustee at Smith College.
She graduated with a BA in Economics from Smith College, Northampton, Massachusetts and later on pursued an MBA in Finance from Vanderbilt University, Tennessee.
She was on Barron’s 100 Most Influential Women in US Finance list for two years in a row – 2021 and 2022. She was also part of Forbes 50 over 50 -Money (2022) list.