J.P. Morgan has created a debt capital markets banking position to concentrate solely on the U.K. market and has hired Nick Denman, previously a debt banker at Goldman Sachs, to fill the slot. John Mayne, J.P. Morgan's London-based co-head of DCM Europe and to whom Denman will report, says the position was created to increase the firm's coverage and to respond to the enormous opportunities for sterling-, dollar- and euro-denominated bond issuance in the U.K. market. Mayne says he is not planning any additional hires at the moment, but will continue to monitor the markets closely and respond to growth areas. Calls to a Goldman spokeswoman seeking the name of Denman's replacement were not returned.
J.P. Morgan Hires U.K.-Focused DCM Banker