He’s the Mann: Miles Advisory poaches JPMorgan’s head of sponsors
JPMorgan’s head of sponsors and co-head of general industrials, Duncan Mann, has been hired by Miles Advisory Partners.
Miles Advisory’s existing team: (Front) Tim Miles with (left to right) Rohan Manikath, Gareth Cope, Stephen Bowring, Craig Andrews, Lloyd Way and Paul Worsley photographed in April 2021. Dominic Lorrimer
Street Talk understands Mann, a managing director, tendered his resignation on Monday. He would be leaving after three years with JPMorgan’s Australian outpost, during which time he ramped up the Wall Street giant’s technology coverage and oversaw several billion-dollar deals.
JPMorgan Australia boss Julian Peck followed up with a staff announcement on Monday afternoon, saying Cameron Nicholls would add financial sponsors coverage to his existing remit of industrials, retail and consumer, given his relationships in the sector.
Mann advised Mercury Capital on its$1.7 billion blockbuster sale of MessageMedia to Swedish rival Sinch, and Apollo on its $1.5 billion listing of Ventia Services including the following block trades. He also led Potentia Capital’s $900 million sale of mining software business Micromine to Aspen Technology and floated Lynch Flowers for Next Capital.
He’s viewed as a neat fit for Miles Advisory, which has significant market share of the local mid-market deal sector. Mann is the firm’s biggest hire since it poached Rothschild Australia’s co-head Gareth Cope in 2020.
Mann joined JPMorgan from Credit Suisse, where he oversawthe sale of coal haulage contractor CF Asia Pacific to Australian buyout firm Anchorage Capital Partners, as well as Apollo Global Management and CIMIC Group’s services contractor Ventia’s deal to acquire Ferrovial’s Broadspectrum for $485 million.
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