Family Office
JPMorgan's acquisition chief joins family office

Hersch goes to work for retail-store holding company founder and
CEO Wexner. JPMorgan Chase 's head of M&A Dennis Hersch has
left the New York-based bank to join the family office of Limited
Brands founder Leslie Wexner.
His position at JPMorgan will be left vacant, according to media
reports. JPMorgan didn't respond to a request for comment.
Big deals
Hersch joined JPMorgan late in 2005 from the law firm Davis Polk
& Wardwell, where he replaced Robert Kindler as head of mergers
and acquisitions on Kindler's departure for Morgan Stanley.
Wexner, founded Limited Brands in 1963. The company owns a number
of retail chains including Victoria Secret and Bath & Body Works.
In addition to his business interests, Wexner runs the Wexner
Foundation, a 24-year-old philanthropic program that aims to help
"Jewish lay leaders" in Canada and the U.S. gain a deeper
understanding of their heritage.
Wexner was worth about $2.7 billion in 2006, according to
Forbes magazine.
Hersch spent more than three decades at New York-based Davis
Polk. Among deals he worked on there were the Texaco-Chevron
merger in 2001 and AT&T's spin-off of its cable business to
Comcast in 2002. -FWR
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