Street Talk
After just two years at JPMorgan, Penny back at Westpac
In perhaps the shortest stint as a senior investment banker, Adam Penny is leaving JPMorgan to return to Westpac. He only left Australia’s fourth-largest bank, where he was head of M&A, in April 2021.
Penny led JPMorgan’s financial institutions group coverage. When he arrived to take over from Anthony Brasher, who had quit JPMorgan for Barrenjoey Capital some six months earlier, the investment bank told staff that Penny would focus on “further building our franchise and leadership”.
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
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