JPMorgan in alternative energy push

May 23 - FT.com - JPMorgan, seeking to capitalise on the boom in environmentally friendly technologies, has established an alternative energy investment banking unit and hired a former executive from General Electric to run it.

In an internal memo sent to staff this week, JPMorgan said it had hired Vandana Gupta from General Electric to head the new effort.

At GE, Ms Gupta managed $1bn in equity investments in the energy and power sectors, including solar and wind power. Read More.