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A near 20-year veteran of Goldman Sachs capital markets team has jumped ship to health insurer Humana.

Logan Nicholson, who led Goldman’s US leveraged finance capital markets unit, will lead corporate development and mergers and acquisitions team at Humana, according to a source familiar with the move.

Goldman, meanwhile, has poached Chris Bonner from rival bank JP Morgan to replace Nicholson, a spokesperson for Goldman confirmed. Reuters first reported on Bonner’s move on Tuesday.

Bonner, who was JP Morgan’s co-head of leveraged finance capital markets, will report to Kevin Sterling, Goldman’s head of leveraged finance for the Americas.

Sterling reports to Christina Minnis, Goldman’s co-head of global credit finance.

A spokesperson for JP Morgan declined to comment. Spokespersons for Humana were not immediately available for comment.

Last June, Nicholson helped craft a $6.8 billion deal for United Airlines that leveraged the company’s loyalty program MileagePlus. The innovative transaction was the first in the capital markets to utilize frequent flyer programs and paved the way for other carriers, such as American Airlines’ $10 billion deal last month.

Nicholson’s departure follows a string of senior exits, spanning divisions from investment banking to consumer and wealth management since November.

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Source:: Businessinsider – Finance


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