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JPMorganChase sign at the firm's headquarters at 270 Park Avenue in the Midtown area of New York City, U.S., September 9, 2025. Shannon Stapleton
JPMorganChase sign at the firm's headquarters at 270 Park Avenue in the Midtown area of New York City, U.S., September 9, 2025. Shannon Stapleton
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JPMorgan elevates three insiders as global investment banking chairs on M&A revival

September 9th, 2025 | 15:09 PM BUSINESS Finance 1

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By Reuters

JPMorgan Chase (JPM.N) named three insiders as global chairs of its investment banking division on Tuesday, as U.S. banks position themselves to capitalize on a recovery in dealmaking activity in 2025.

Global mergers and acquisitions hit $2.6 trillion in the first seven months of the year, the highest since a 2021 pandemic-era peak, boosting investment banks' prospects.

The three - Howard Chen, Charlie Dupree and Fred Turpin - will join a senior team that provides strategic advice to some of JPMorgan's most important clients as the largest U.S. bank bolsters its investment banking division, a key driver of recent profits.

The lender beat estimates for second-quarter profit in July and its investment banking fees rose 7% to $2.5 billion, fueled by an increase in M&As and debt underwriting.

Chen, who joined JPMorgan in 2018, was most recently co-head of the North America financial institutions group, while Dupree served for the last seven years as vice chair of investment banking for M&A.

Turpin, most recently JPMorgan's global head of media & communications investment banking, has been with the bank 30 years, having worked on deals such as T-Mobile and Sprint and Warner Media and Discovery, among others.

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