JPMorgan hires and AI push

JPMorgan is expanding in two directions at once: hiring senior tech dealmakers and pressing its own engineers to use artificial intelligence every day. (usnews.com) (businessinsider.com) On April 22, Reuters reported that JPMorgan hired Kaushik Banerjee, Bank of America’s global head of semiconductor investment banking and electronics, and Homan Milani, Bank of America’s head of Americas internet investment banking. Both are joining as managing directors, and Milani will also serve as co-head of JPMorgan’s artificial intelligence effort in technology banking. (usnews.com) Banerjee advised on deals including ASML’s $1.4 billion investment in Mistral AI and IonQ’s $1.8 billion acquisition of SkyWater, while Milani worked on transactions for DoorDash, Lyft, Zillow, Pinterest, Affirm, SoFi, Opendoor, and Snap, Reuters said. The same memo said Riaz Ladhabhoy was named vice chair focused on the firm’s global semiconductors practice. (usnews.com) Inside the bank, JPMorgan has posted new objectives for software and security engineers that call for regular use of approved artificial intelligence coding tools and measurable gains in code quality, speed, and productivity. The documents reviewed by Business Insider said those goals were added automatically to employee objectives by the end of March. (businessinsider.com) Business Insider reported that five engineers said managers were using dashboards showing who uses certain artificial intelligence tools and who does not. A JPMorgan spokeswoman declined to comment to the publication. (businessinsider.com) The push reaches a large workforce. JPMorgan’s Global Technology division has about 65,000 people, according to the internal documents cited by Business Insider, and the bank reported 318,512 employees companywide at the end of 2025. (businessinsider.com) (jpmorganchase.com) JPMorgan is pairing that internal productivity drive with a broader capital shift toward sectors tied to semiconductors, defense, energy systems, and frontier technology. In October 2025, the bank launched a 10-year, $1.5 trillion Security and Resiliency Initiative and said it would make up to $10 billion of direct equity and venture investments as part of that plan. (jpmorganchase.com) That initiative explicitly names artificial intelligence, cybersecurity, quantum computing, semiconductors, and data centers as target areas. Jamie Dimon said at the launch that the effort was aimed at industries tied to economic security, supply chains, and energy demand driven by artificial intelligence. (jpmorganchase.com) The hiring spree did not start this week. Reuters reported in May 2025 that JPMorgan had already added four West Coast technology bankers from Goldman Sachs, Bank of America, and Lazard, and the April 2026 memo said the bank hired about a dozen senior tech bankers last year. (investing.com) (usnews.com) Reuters also said JPMorgan ranked at the top of Dealogic league tables for fees from U.S. and global technology deals signed in the first quarter. The bank’s latest moves add more senior coverage in the sectors where it is also telling its own staff to work faster with artificial intelligence. (usnews.com)