JPMorgan hires tech bankers
- JPMorgan recruited two senior technology bankers from Bank of America to expand its tech advisory group. - The hires signal continued investment in senior dealmakers despite recent market volatility. - JPMorgan is positioning to capture tech advisory fee pools tied to AI-led corporate activity (reuters.com).
JPMorgan has hired two senior technology bankers from Bank of America as it keeps building out its tech advisory bench. (money.usnews.com) The new hires are Kaushik Banerjee, Bank of America’s global head of semiconductor investment banking and electronics, and Homan Milani, its head of Americas internet investment banking. Both will join JPMorgan as managing directors, according to an internal memo Reuters reviewed on April 22. (money.usnews.com) Banerjee will keep focusing on semiconductor and electronics clients. Milani will become a managing director and co-head of JPMorgan’s artificial intelligence effort inside the tech banking group. (money.usnews.com) The hires land as Wall Street banks are still staffing up for technology deals tied to chips, cloud software and artificial intelligence. JPMorgan’s memo also said Riaz Ladhabhoy, already a managing director in the group, has been named vice chair focused on the firm’s global semiconductors practice. (money.usnews.com) Banks are competing for senior dealmakers because advisory fees have recovered with mergers, stock offerings and financing work. JPMorgan ranked first for fees among global banks in the first quarter, and its investment-banking fees rose 28% from a year earlier, according to Dealogic data cited by Reuters. (money.usnews.com; wtvbam.com) JPMorgan has been adding tech bankers for months, not just this week. In May 2025, Reuters reported that the bank hired four West Coast technology bankers from Bank of America, Goldman Sachs and Lazard, including semiconductor banker Mark Garcia and software banker Peter Duda. (finance.yahoo.com) Bank of America has been hiring aggressively too. Reuters reported on March 10 that it recruited four veteran technology bankers, including Jason Rowe from Goldman Sachs and two senior technology, media and telecommunications bankers from JPMorgan in London. (marketscreener.com) Banerjee and Milani bring recent deal credentials in two of the busiest parts of tech finance. Reuters said Banerjee advised on transactions including ASML’s $1.4 billion investment in Mistral AI and IonQ’s $1.8 billion acquisition of Skywater, while Milani worked on deals for DoorDash, Lyft, Zillow, Pinterest, Affirm and Snap. (money.usnews.com) That is the pool JPMorgan is chasing: chip makers funding capacity, internet companies raising capital, and artificial-intelligence companies doing acquisitions and listings. JPMorgan already worked on CoreWeave’s March 2025 stock debut at a roughly $23 billion valuation and on Global Payments’ $24.25 billion acquisition of Worldpay. (finance.yahoo.com; money.usnews.com) Bank of America declined to comment to Reuters on the departures. For JPMorgan, the latest move looks like a continuation of a hiring fight that has spread across Wall Street’s technology franchises. (money.usnews.com; marketscreener.com)
