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A big investor in scientific ventures just hired a former top JPMorgan banker

Stephen Berenson Headshot

A $1.75 billion venture capital firm just hired the former vice chairman of investment banking at JPMorgan.

Stephen Berenson had worked at JPMorgan for more than 30 years and now joins the firm as an executive partner.

Flagship Pioneering, which until December 2016 was known as Flagship Ventures, is a Cambridge, Massachusetts-based venture firm, investing in everything from cutting edge gene editing companies to cancer drugmakers, to a buzzy biotech with a nearly $5 billion valuation.

It has originated and fostered the development of more than 75 scientific ventures with more than 500 patents, according to its website.

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Source:: BusinessInsider.Com

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