J. P. Morgan reports that Vean Gregg, who has played an important role in building the firm’s oil and gas business, will take a “sabbatical” from the firm, beginning in June. Gregg joined J. P. Morgan in 1996, and a company spokesperson says, “[His] leadership and contributions in developing the group’s client relationships, banker talent, and collegial culture have been essential to achieving the substantial growth the firm has undergone in the sector. We look forward to welcoming him back to the firm in due course.”
Meanwhile, within the Energy NA Group, Paschall Tosch and Lackland Bloom, both based in Houston, will become co-heads of the firm’s Oil & Gas sector, comprised of the Upstream, A&D, Oilfield Services, and Downstream verticals. John Ciolek will lead the Midstream / MLP business, and Dave Harrison will lead the Canadian Energy practice. Ciolek works out of the New York office, and Harrison is based in Calgary. All will report to Jay Horine in New York in their new roles.
Bloom will focus on the firm’s oilfield services clients. He joined the firm in 2000 and advises clients on large corporate mergers and business divestitures. Tosch has been with J. P. Morgan since 1987.
Ciolek is a member of the firm’s Natural Resources Investment Banking team and is responsible for overseeing its efforts for midstream and MLP clients. He joined J. P. Morgan in 2011 and was with Citigroup’s Global Energy Group for 14 years previously.