JPMorgan's acquisition chief joins family office

FWR Staff

12 February 2008

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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