J.P. Morgan: Theodore Dimon is moving to the house his son has built. The 78-year-old broker is leaving Bank of America Merrill Lynch to join J.P. Morgan Chase, where his son, James Dimon, is CEO. The elder Dimon, according to Bloomberg, will join the Bear Stearns Private Client Services, a unit J.P. Morgan acquired in the March 2008 takeover of Bears Stears. It is another loss for Merrill, which has seen an exodus of bankers since its $50 billion takeover by BofA in January. To replenish its talent, BofA also has been on a hiring spree. The Bear Stearns brokerage unit, which Bloomberg says has garnered $307 million in revenue through Sept. 30, gave JP Morgan an opening into retail brokerage, which Merrill Lynch and Morgan Stanley have controlled for many years. Ted Dimon will bring a team five brokers with him to J.P. Morgan, according to Bloomberg.
J.P. Morgan: The firm’s newly anointed head of investment banking, Jes Staley, has made his first move. Enrico Bombier, who was promoted to run the European investment-banking division in May last year, will be