JPMorgan Chase has hired Managing Director Jeffrey Yingling from Morgan Stanley in Chicago for a senior post in its energy group. Yingling will be working in Morgan Stanley's Chicago office and reporting to Managing Director Doug Petno, head of energy investment banking. The executive had worked for Morgan Stanley for 16 years.
Yingling was second in command at Morgan Stanley's energy unit behind group head Jeffrey Holzschuh, global managing director of energy and utilities in New York. JPMorgan officials declined to comment as did officials at Morgan Stanley. Yingling's start date at JPMorgan is expected to be sometime in the fall.