JPMorgan (JPM) Hiring Bank of America (BAC)’s David Fishman to Lead Tech M&A

On August 21, 2026, JPMorgan Chase & Co. announced it had hired veteran dealmaker David Fishman from Bank of America Corporation. The move was aimed at bolstering JPMorgan's technology M&A capabilities. Fishman had spent 16 years at Bank of America, most recently leading its technology, media, and telecommunications banking group.

In response to this senior departure, JPMorgan elevated its current North America tech M&A head, Vineet Seth, to vice chair of investment banking. The bank also established a Technology M&A Leadership and Advisory Council consisting of Fishman and Seth, signifying a concentrated focus on this lucrative sector. This strategic hiring comes after a series of senior departures from Bank of America, including Mike Joo and Amy Lissauer, who are also joining JPMorgan.

While JPMorgan sees this as a coordinated talent buildout, Bank of America faces potential client-retention risks as relationships move with the departing bankers. The move highlights the competitive nature of technology M&A, a high-fee market, and the importance of senior dealmakers who carry existing client relationships.