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Former JP man signs for United

Thursday 21 February 2013 7:00

Manchester United's executive vice chairman Ed Woodward is to become the new chief executive of the football club this summer after David Gill’s decision to step down.

The ex-JPMorgan Chase & Co banker will have overall responsibility for the club, including, in facilitating transfer activity.

Mr Woodward, 40, was a banker on JPMorgan’s merger and acquisitions team from 1999 to 2005 before joining United.

At JPMorgan, Woodward helped United's owners, the Glazer family, secure a £790m leveraged buyout of the club in 2005.