JPMorgan hiring Bank of America's David Fishman as head of technology M&A, memo says

• Fishman will join JPMorgan later in 2026 after nearly 16 years at Bank of America, where he was a senior technology M&A banker
• Bank of America has experienced multiple senior exits recently, including co-head of investment banking Mike Joo (joining Barclays) and activism defense head Amy Lissauer (joining JPMorgan)
• Despite the departures, Bank of America has hired over 40 managing directors in 2026, including Jason Rowe from Goldman Sachs as co-head of technology investment banking

JPMorgan Strengthens Technology M&A Team with Key Bank of America Hire

JPMorgan Chase is hiring veteran dealmaker David Fishman from Bank of America as head of North America technology mergers and acquisitions, according to an internal memo. Fishman, who spent almost 16 years at Bank of America, will join later in 2026.

As part of the restructuring, JPMorgan is promoting Vineet Seth, current head of technology M&A in North America, to vice chair of investment banking. Both Fishman and Seth will serve on the bank's newly formed Technology M&A Leadership and Advisory Council, designed to support the firm's most important technology clients.

Broader Industry Talent Shifts

This hiring continues a pattern of senior departures from Bank of America's investment banking division. Recent exits include:

• Mike Joo, co-head of investment banking, joining Barclays as co-CEO of its investment bank in early 2027
• Amy Lissauer, head of activism and raid defense, moving to JPMorgan later this year
• Ed Liu, appointed global head of TMT investment banking at Deutsche Bank in November
• An unnamed banker hired by Citigroup to lead technology services sector coverage

Bank of America's technology practice has been particularly affected by these departures. However, the firm has been actively rebuilding, hiring over 40 managing directors in 2026, including Jason Rowe from Goldman Sachs as co-head of technology investment banking and a senior partner from Centerview Partners.

Market Implications

The moves signal intensifying competition among major investment banks for top technology M&A talent, reflecting the sector's strategic importance. JPMorgan's targeted expansion suggests positioning for increased technology deal activity, while Bank of America faces challenges retaining senior bankers despite aggressive counter-hiring efforts.