JPMorgan has promoted one of its senior German dealmakers and recruited a veteran Goldman Sachs banker to focus on the country, where banks are competing for fees in a booming M&A market.

JPMorgan has named Frankfurt-based Michele Iozzolino and Tobias Heilmaier, who has spent the last 10 years at Goldman, as co-heads of corporate finance coverage for Germany, according to a memo seen by Financial News.