Alfredo Porretti has departed from his role as co-head of JPMorgan Chase & Co.'s shareholder engagement and mergers and acquisitions capital markets team, according to people familiar with the matter. The New York-based executive left the position recently, marking a notable exit from the Wall Street bank's strategic advisory unit.

Porretti had been promoted to co-lead the shareholder engagement unit alongside Darren Novak and David Freedman in 2024, as part of the bank's efforts to strengthen its client relationships and capital markets expertise. The team had been bolstered last year with the appointments of Duncan Herrington and Lyndon Park as managing directors, signaling JPMorgan's commitment to expanding its shareholder engagement capabilities.

This departure comes as JPMorgan continues to navigate a competitive landscape in investment banking, where maintaining strong relationships with institutional investors and executing complex M&A transactions remain critical. The bank's shareholder engagement team plays a vital role in advising clients on investor communications and capital allocation strategies, making leadership continuity particularly important in this function.