JP Morgan continued to capitalise on organisational changes at rival firms by plucking top advisers from HSBC and UBS, including HSBC's most senior banker in the US.

JP Morgan has hired George Foussianes, who was head of Americas global banking for HSBC and oversaw investment banking, corporate banking, leveraged finance and private equity. Foussianes will join JP Morgan's financial sponsors group as a managing director, reporting to John Coyle, head of the group.