GFI prepares for M&A rebound

New York-based interdealer broker GFI has hired three JP Morgan traders to build a new business that will help clients benefit from merger arbitrage opportunities across Europe, where takeover activity is beginning to recover following a severe drought.

GFI has hired JP Morgan managing director Richard Royden to run a London-based "special situations group" that will research investment opportunities arising from mergers, acquisitions and restructuring.

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump