JPMorgan Chase (JPM.N) is hiring veteran dealmaker David Fishman from Bank of America (BAC.N) as part of a newly formed investment banking group to focus on key clients in the technology sector, according to a memo seen by Reuters.
Fishman will join JPMorgan later this year as head of North America technology mergers and acquisitions, according to the memo from co-heads of technology investment banking Chris Grose and Greg Mendelson, as well as Global Head of M&A Charlie Bouckaert.
JPMorgan is elevating Vineet Seth, the head of technology M&A in North America, to vice chair of investment banking, and both Fishman and Seth will also serve on the bank's Technology M&A Leadership and Advisory Council. The grouping is being formed to support the bank's most important technology clients, the memo added, without elaborating.
A JPMorgan spokesperson confirmed the memo's contents. Bank of America declined to comment.
Fishman was at Bank of America for almost 16 years, according to his LinkedIn profile. He most recently served as co-head of technology, media and telecommunications (TMT) investment banking, but resigned from the bank earlier this week, according to sources familiar with the matter.
The move is the latest in a series of recent departures of senior investment bankers from Bank of America.
Reuters and others reported this month that Mike Joo, co-head of investment banking, and Amy Lissauer, head of activism and raid defense, would leave Bank of America. Barclays said this week it had hired Joo and he would start as co-chief executive of its investment bank in early 2027. Lissauer, considered among the top bankers for defending companies against shareholder agitation, is joining JPMorgan later this year.
Bank of America's technology practice has also had several exits. Ed Liu was named this month as global head of TMT investment banking at Deutsche Bank (DBKGn.DE). He will join the German bank in November. Reuters also reported on August 4 that Citigroup (C.N) hired Rohan Sen from Bank of America to lead its coverage of the technology services sector.
Bank of America has hired over 40 managing directors this year, including Jason Rowe from Goldman Sachs, who became co-head of technology investment banking, and Gary Kirkham, who was a senior partner and head of technology at boutique bank Centerview Partners before rejoining Bank of America.
