JPMorgan Recruits Two Leading Tech Bankers from Bank of America

• Banerjee served as BofA's global head of semiconductor investment banking and advised on major deals including the $8.2 billion sale of National Instruments to Emerson and ASML's $1.4 billion investment in Mistral AI
• Milani worked on M&A and financing deals for prominent tech companies including DoorDash, Lyft, Pinterest, Snap, and other internet and fintech firms
• JPMorgan ranks first in U.S. and global tech deal fees for Q1 2026 according to Dealogic, having hired about a dozen senior tech bankers in the previous year

JPMorgan Recruits Two Leading Tech Bankers from Bank of America

Key Developments:

JPMorgan Chase has hired two senior technology investment bankers from Bank of America as part of its ongoing expansion in tech investment banking. Kaushik Banerjee, BofA's global head of semiconductor investment banking, and Homan Milani, head of Americas internet investment banking, will both join as managing directors.

Notable Appointments:

• Kaushik Banerjee will continue focusing on semiconductor and electronics clients. During his four-year tenure at BofA, he advised on approximately a dozen major transactions, including ASML's $1.4 billion Mistral AI investment, IonQ's $1.8 billion Skywater acquisition, National Instruments' $8.2 billion sale to Emerson, and several other deals ranging from $339 million to $2.1 billion.

• Homan Milani will serve as co-head of JPMorgan's AI effort, bringing experience from high-profile deals with DoorDash, Unity Software, Lyft, Zillow, Match Group, Pinterest, Snap, and other major internet companies.

Additionally, Riaz Ladhabhoy was promoted to vice chair to support JPMorgan's global semiconductors practice.

Market Implications:

JPMorgan's aggressive recruitment strategy reflects intensifying competition in technology investment banking, particularly in semiconductors and AI sectors. The bank has doubled down on tech M&A capabilities, hiring approximately a dozen senior tech bankers last year. According to Dealogic, JPMorgan currently leads league tables for U.S. and global tech deal fees in Q1, demonstrating the success of this expansion strategy.

The moves signal strong anticipated activity in semiconductor and AI-related transactions, as JPMorgan positions itself to capture market share in these high-growth sectors.