JPMorgan Replaces Internet Analyst
NEW YORK (
) --
JPMorgan Chase
(JPM) - Get Free Report
has hired Douglas Anmuth, a senior research analyst from
Barclays Plc
(BCS) - Get Free Report
, to cover internet giants like
(GOOG) - Get Free Report
,
eBay
(EBAY) - Get Free Report
and
Netflix
(NFLX) - Get Free Report
according to a person with knowledge of the hire.
Anmuth, who spent about eight years as a Lehman Brothers analyst, joined Barclays after the British bank acquired Lehman's U.S. assets following its bankruptcy filing. He will report to Noelle Grainger, head of research for the Americas. A call to Grainger was not immediately returned and Anmuth could not be reached. Barclays declined comment through a spokesman.
Anmuth will replace Imran Khan, who recently joined
Credit Suisse
(CS) - Get Free Report
as an investment banker.
Having a recognizable analyst is important to JPMorgan's Internet banking effort, where it has been trying to catch
Goldman Sachs
(GS) - Get Free Report
and
Morgan Stanley
(MS) - Get Free Report
. The bank recently won an assignment to advise on LinkedIn's planned initial public offering with
Bank of America
(BAC) - Get Free Report
and Morgan Stanley.
JPMorgan's asset management division has also taken an interest in the Internet boom, raising $1.22 billion of a targeted $1.3 billion Digital Growth Fund, to give asset management clients access to hot private technology companies, including Twitter, according to the
Financial Times
.
--
Written by Dan Freed in New York
.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
