The hiring spree began after an internal review when JPMorgan merged its commercial, corporate and investment banking units in early 2024.

JPMorgan Chase has hired a record number of senior bankers in the past year, poaching about 100 managing directors from rivals including Goldman Sachs and Citigroup, as Wall Street’s largest lender looks to expand its investment banking franchise.

The bank has brought in more managing directors to its commercial and investment banking division in the past 12 months than it did in the previous decade combined, the Financial Times reported.

The hiring spree began after an internal review when JPMorgan merged its commercial, corporate and investment banking units in early 2024.

The bank is targeting subsectors including healthcare, technology and infr

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