JPMorgan’s Hersch succeeds colorful money manager

February 11, 2008

hersch.jpgAfter working as a lawyer for 35 years at white shoe firm Davis, Polk & Wardell and overseeing JPMorgan’s M&A group since 2005, Dennis Hersch might bring some respectability to his new job: managing business and philanthropic affairs for Limited Brands founder Leslie Wexner.

That role had once been held by Jeffrey Epstein, the money manager who was indicted in Florida in July 2006 on charges of engaging in unlawful sexual activity with minors. 

Aside from the charges about colorful extra-curricular activities, Epstein counted among his friends such glitterati as former President Bill Clinton, Donald Trump, and Prince Andrew. He collected palatial real estate such as an Upper East Side townhouse in Manhattan, a 27,000-square-foot home in New Mexico, a 60,000-square-foot mansion in Ohio, and a 100-acre private island in the Virgin Islands.

In January, a Florida teenager sued Epstein for $50 million, alleging that he sexually assaulted her at his Palm Beach estate when she was 14 years old.

In comparison, a career lawyer like Hersch might seem dull, especially for Wexner, who founded, among other retailers, Victoria’s Secret. But one suspects Wexner has had his fill of flashy advisers after Epstein’s tenure.

(Photo: Reuters/Hersch speaking at a Reuters Summit)

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