JPMorgan Chase & Co. (JPM) Strengthens Tech Banking Team with Hires from BofA, Goldman, and Lazard

JPMorgan Chase & Co. (NYSE:JPM) is strengthening its investment banking technology team with the addition of four new hires on the West Coast, bringing in talent from Goldman Sachs, Bank of America, and Lazard, according to an internal memo seen by Reuters.

This team expansion comes as JPMorgan Chase & Co. (NYSE:JPM) played a key role in several major tech-related transactions. It recently advised Global Payments on its $24.25 billion acquisition of Worldpay, supported Turn/River in its $4.4 billion deal to take SolarWinds private, and guided DoorDash through its $3.9 billion purchase of Deliveroo. In addition, JPMorgan assisted CoreWeave with its $23 billion public stock debut in March.

Known as a global leader in technology and data, JPMorgan Chase & Co. (NYSE:JPM) invested $17 billion in technology last year. Bank analyst Mike Mayo pointed out that no other bank has ever allocated that much to tech in a single year. He noted that this amount is comparable to the total operating expenses of the eight largest US banks combined—yet JPMorgan is spending it on technology alone.

Global co-heads of technology investment banking Chris Grose and Greg Mendelson made the following comment in this regard:

"Serving the technology sector is a top priority for our firm, and we're consistently investing in the best talent across the industry to deliver more value to our clients."

In a new development, Mark Garcia joins from Bank of America as vice chair and global head of semiconductors. From Goldman Sachs, Eric Quanbeck and Brett Miller come aboard as managing directors, with Quanbeck leading applied technology and Miller becoming co-head of enterprise and cloud. Peter Duda, previously at Lazard, joins as a managing director focused on software. Garcia, Quanbeck, and Duda will be based in San Francisco, while Miller will work from Seattle.

JPM has surged by nearly 9% since the start of 2025.

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