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Winters, Mayhew and Pickering: Mayhew will chair the joint venture which, he claims, will add to Cazenove’s “relevance”. |
THE JOINT VENTURE between JPMorgan and Cazenove will reshape the investment banking landscape in the UK, the second biggest investment banking market in the world, regardless of whether it succeeds or fails.
The impact of the deal will be felt as soon as it becomes effective in the first quarter of 2005. Based on deals so far this year, the new company, with a market share of nearly 40%, would topple Goldman Sachs from the top of the UK M&A league table.
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