Davis Polk & Wardwell announced today that JEFFREY CRANDALL is joining the firm in New York as a partner in its executive compensation and employee benefits practice. He arrives from Shearman & Sterling, where he headed the firm’s ERISA practice relating to pension investment in funds and products offered by financial institutions and private investment boutiques.

Crandall’s expertise is in compensation and Employee Retirement Income Security Act (ERISA) matters relating to financial institutions, private equity, and hedge fund clients. He has advised on several notable transactions, including Merrill Lynch & Co. in its acquisition by Bank of America; Citigroup in its acquisition of Washington Mutual Finance Corporation; Active Health Management, Inc., in its merger with Aetna Inc.; Morgan Stanley Capital Partners and EnerSys Holdings Inc. in the acquisition of the battery business of Invensys plc.; and Citicorp in its merger with The Travelers Group Inc.

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