By Anjuli Davies LONDON (Reuters) - JPMorgan Chase & Co has hired private equity industry veteran Cathrin Petty to co-head its healthcare group in Europe, the Middle East and Africa (EMEA), anticipating a pick up in activity in the sector. Petty, who joins from British private equity firm Vitruvian Partners where she was a partner, will work alongside current head Rakesh Patel when she starts next week, according to a memo seen by Reuters. A JPMorgan spokeswoman confirmed the contents of the memo. "Our EMEA investment banking healthcare team has become increasingly active over the last year with a number of major transactions," Vis Raghavan, head of EMEA banking at JPMorgan said in the memo." "To build on this momentum, I am pleased to announce that Cathrin Petty has joined the firm." Globally deals in the healthcare sector totaled $203 billion dollars in 2013, a five percent decline on a year earlier.
via Health News Headlines - Yahoo News http://ift.tt/1iT7oZr
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