(Bloomberg) -- Marco Caggiano, JPMorgan Chase & Co.’s head of North America mergers and acquisitions, is leaving the firm for Morgan Stanley, according to a person familiar with the matter. 

Caggiano, a 20-year veteran at JPMorgan, will become a vice chairman at Morgan Stanley, said the person, who asked to not be identified because the details aren’t public. Caggiano joined JPMorgan in 2000 and was named co-head of North America M&A in 2020, according to his LinkedIn profile. 

Representatives for Morgan Stanley and JPMorgan declined to comment. 

There’s been a lot of talent shuffling across US investment banking this year, as dealmaking lags, European banks retreat from the market, and stateside players slash headcount. Reuters earlier reported Caggiano’s move. 

--With assistance from Michelle F. Davis.

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