NEW YORK J.P. Morgan & Co., continuing to bolster its capabilities in the technology sector, has added a managing director to its financial sponsors group.
Zubaid Ahmad, 39, started Monday after leaving New York-based Oasis Capital Group, a venture capital group he founded and has run since mid-1999.
He reports to Eric Karp, managing director and head of global financial sponsors. Mr. Ahmad will be responsible for coverage of large leveraged buyout firms, primarily in the United States.
Previously Mr. Ahmad was a managing director in corporate and investment banking at Credit Suisse First Boston, where he was a senior member of the leveraged finance and global corporate finance group.
While at Credit Suisse, Mr. Ahmad played a senior role in the acquisition by Ispat International NV of the Netherlands of the U.S. operations of Inland Steel Industries. Mr. Ahmad was the coverage officer for Ispat; Credit Suisse was Ispats financial adviser and committed $1.4 billion of financing to the acquisition.
Mr. Ahmad left Credit Suisse in April last year to start Oasis, where he advised private equity clients on investments in Internet and technology industries. He is in the process of closing that firm, he said in an interview.