JPMorgan hires Bank of America's David Fishman for tech M&A role

JPMorgan has tapped Bank of America's David Fishman to lead its technology mergers and acquisitions practice, according to an internal memo seen by Reuters. The move underscores the bank's push to strengthen its advisory franchise in one of the most active dealmaking sectors.

Fishman will now helm JPMorgan's technology M&A team after departing Bank of America. The appointment comes as competition for senior dealmakers intensifies across Wall Street, with banks vying for talent to capture a rebound in transactional activity.

For JPMorgan, bringing in an outsider to run a key sector team signals a strategic bet on technology deal flow, particularly as artificial intelligence and other innovation drive corporate restructuring and acquisitions. The hire could also help the bank deepen relationships with tech clients and private equity sponsors active in the space.

The move is part of a broader trend of senior bankers switching firms as dealmaking shows signs of recovery. While the memo did not disclose additional details, the hiring reflects JPMorgan's ongoing efforts to fortify its leadership ranks in high-growth advisory businesses.