JP Morgan strengthens European cash equities

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JP Morgan has made three senior appointments at its cash equities business, bringing to 12 the number of new hires in the division this year.

Ed Allchin, Michael DeNardo and Andrew Holder have joined the firm as vice-presidents in European cash equities, and will be based in London.

The new hires illustrate JP Morgan's investment in its trading and execution platforms, as well as specialist and generalist distribution, the company said.

Ed Allchin is a banks specialist who has consistently ranked in the top five of Extel's annual survey of banking specialist salespeople, and has worked in the field for seven years at Credit Suisse First Boston and HSBC.

Michael DeNardo has joined JP Morgan's sales trading team from Merrill Lynch, where he worked for ten years as a pan-European equities sales trader to US clients.

Andrew Holder has joined the European sales team as a pharmaceuticals and healthcare specialist.

He has 15 years of experience in consulting and equity markets and previously worked at Société Générale, where he was a top-rated biotechnology specialist salesman.

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