Top magic circle partner makes switch to investment banking

A top magic circle partner is making the switch from a life in law to one in investment banking.

Charlie Jacobs, the senior partner at magic circle firm Linklaters, is set to join global investment bank, JP Morgan. According to a statement by the mega-bank, Jacobs will assume the role of co-head of UK investment banking.

The somewhat unusual move to finance comes after South African-born Jacobs recently celebrated 30 years at the elite law firm. He made partner in 1999 and was elected to senior partner in 2016.

At JP Morgan, Jacobs will reportedly advise blue-chip UK companies on the challenges arising from a post-Brexit market and recovery from the COVID-19 crisis. The M&A specialist will reportedly take up his new banking gig later this summer.

A Linklaters spokesperson said:

“We can confirm that, once his term as senior partner ends, Charlie Jacobs will be taking on a new role as co-head of J.P. Morgan Cazenove’s U.K. investment banking operations. Whilst Charlie will not be starting at J.P. Morgan until later in the year, we look forward to staying in touch with him once he begins his new role.”

News of the move comes just a week after JP Morgan announced the appointment of City solicitor turned politician Chuka Umunna as its head of environmental, social and corporate governance (ESG) in c

Andersen Global Enters Liberian and Gambian Markets

Andersen Global has signed two new collaboration deals in Africa, with an accounting firm and a law firm in Liberia and Gambia respectively.

This raises the organisation’s presence in Africa to 40 countries, and it is expecting to sign five more such deals by October.

Andersen CEO and global chairman Mark Vorsatz said: ”Our expansion in Africa remains a key priority for our organization.”

In Liberia, on the west coast of Africa, bordered by Sierra Leone, Guinea and Ivory Coast, Andersen has signed a collaboration agreement with accounting firm BICON Inc.

Founded in 2015, BICON is led by managing partner Zinnah Sackie and has a team of more than 30 professionals of which some are on loan to and currently serving in key government positions.

The Monrovia-based firm provides accounting services to clients in various industries, including merchandising, manufacturing, mining and agriculture.

Sackie said of the agreement: “The next logical step in our firm’s journey of continued growth is our collaboration with Andersen Global.”

In Gambia, the smallest country in mainland Africa, surrounded by Senegal except for its western coast side, Andersen has signed a collaboration deal with law firm Fajara Chambers.

The 25-year-old firm, led by managing partners Ann Rivington and Malick M’bai, has a staff of 11 professionals and competences in litigation, general business law, telecommunications, real estate, banking and tourism.

Malick said the collaboration with Andersen reflects the firm’s commitment to serving clients “not only in the West African sub-region but throughout the international business community.”

Earlier this month, Andersen Global added new tie-ups in Chad and Eswatini (Swaziland).

Andersen Global Pushes Ahead With West Africa Expansion

Andersen Global’s international expansion has continued unabated despite the COVID-19 pandemic, with the tax and legal giant adding another West African firm to its global network.

The firm has formed a tie-up with Chinguity Law in the northwest African country of Mauritania. Andersen Global now has a presence in 28 African countries.