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Dick Feehan

New business development executive, JPMorgan Investor Services

It is a popular saying in the custody world that everyone will work at Chase some time in their career. Dick Feehan can cap that - he's just starting his third stint with the bank.

Now under the banner of JPMorgan, the investor services division is still effectively the former Chase custody operation from before the merger of the two banks in early 2001.

Feehan, who is linking up again with some familiar faces, including Ramy Bourgi, head of the division in London, says he has come home after a somewhat unsettled period following Deutsche Bank's takeover of Bankers Trust in 1999.

At the time of that takeover, Feehan had been with Bankers Trust for nine years, heading its European custody push. The Bankers and Deutsche deal was never going to be easy, with a strong culture clash between the US and German banks being a common reason, along with imposed redundancies, why many people moved jobs. Feehan stayed on for a few months before moving to Lehman Brothers to market equity finance to institutions.

Feehan was with Lehman for two years and recalls the time as interesting but his heart was elsewhere. "Equity finance is a fine business but it's a bit tunnel vision," he says.

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