Former Goldman Sachs' Co-head of Equities Distribution joins J.P. Morgan

J.P. Morgan has confirmed to Industry Moves the appointment of Steve Maartensz as co-head of equity distribution, effective end of July 2017.

Maartensz has worked at Goldman Sachs for the last 16 years, most recently as co-head of equities distribution for Australia and New Zealand, and previously in institutional sales trading roles. He was appointed as managing director in 2008.

Joining Maartensz as co-head of equity distribution is Andrew Tanner, who was most recently head of research sales at Goldman Sachs before taking a sabbatical in 2016. Maartensz and Tanner replace Malcolm Price.

In a statement, J.P. Morgan said: "Andrew and Steve bring a deep understanding of the Australian equity market and a broad set of well-established domestic client relationships following more than 35 years of combined experience."

The firm added: "Growing our equities franchise to fully capture the opportunities that exist for our business and build our market share into leadership positions remains a top priority for us. With ongoing investments in people, capabilities and technology, we're making good progress on this front in Australia and New Zealand."

Dyson Bowditch, former head of syndicate and head of equities at Goldman Sachs, will also join J.P. Morgan as head of syndicate for Australia and New Zealand.