A sole advisory role on the £2.2 billion sale of Standard Life’s Canadian business has seen JP Morgan’s new-look UK FIG team jump to the top of the mergers and acquisitions league tables.

Standard Life agreed last night to sell its Canadian business to Manulife; including its long-term savings and retirement, individual and group insurance, and investment management businesses. The deal is expected to result in a bumper pay day for Standard Life's shareholders, who will share £1.75 billion of the proceeds.