Oken, Global Chairman of JPMorgan Investment Banking, Joins MidOcean

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(Bloomberg) – JPMorgan Chase & Co. investment banking veteran Erik Oken is joining alternative asset manager MidOcean Partners after three decades at the U.S. lender, according to people familiar with the matter.

Oken will work in MidOcean’s private equity business and focus on consumer transactions, said the people, who asked not to be identified while discussing the move.

During a career at JPMorgan that began in 1991, Oken was named global president of investment banking last year. He also joined the executive committee to focus on finding the best clients and mentoring young bankers.

He previously served as global head of retail and retail investment banking for more than a decade, the people said. He was part of the equity business in the 1990s and ran the company’s convertible and high yield new issue operations.

Representatives for JPMorgan and MidOcean declined to comment. Oken did not immediately respond to a request for comment.

MidOcean’s private equity arm specializes in middle market transactions in the consumer and business services sectors. The New York-based company’s investments include Casper’s Ice Cream, Imagine Skincare, Nutrabolt and Louisiana Fish Fry, according to its website.

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