JPMorgan poaches tech bankers

JPMorgan has hired two senior technology bankers from Bank of America, extending its push to add dealmakers in one of Wall Street’s busiest coverage areas. (usnews.com) The hires were disclosed in an internal memo seen by Reuters on April 22. JPMorgan said the pair will help build out coverage across artificial intelligence, semiconductors, software and digital infrastructure. (usnews.com) Investment bankers in sector teams spend their time advising companies on mergers, stock sales and debt offerings. In technology, that work has become more specialized as clients look for bankers who know chipmakers, cloud software groups and data-center businesses well enough to pitch buyers, investors and financing. (usnews.com) JPMorgan has been adding technology bankers for months, not just this week. Reuters reported in May 2025 that the bank hired four West Coast technology bankers from Bank of America, Goldman Sachs and Lazard, including a new global head of semiconductors. (finance.yahoo.com) The latest move also fits a broader hiring fight between big banks. Reuters reported on March 10 that Bank of America had hired four veteran technology bankers to raise its share of tech dealmaking, and on March 23 that JPMorgan recruited another senior banker from Bank of America to lead North America business services investment banking. (marketscreener.com) (kitco.com) That competition is tied to fees. Senior bankers with deep company relationships can pull in merger mandates and capital-markets assignments that are still concentrated among a small group of rainmakers, especially in sectors where one large chip, software or infrastructure deal can generate millions of dollars in advisory revenue. (usnews.com) JPMorgan’s message is straightforward: even after last year’s hiring wave, it is still spending to deepen its bench in tech. Bank of America’s earlier hiring spree showed the same thing from the other side of the table. (usnews.com) (marketscreener.com)