JPMorgan Chase poaches record number of senior bankers as Wall Street talent war escalates

JPMorgan Chase has hired a record number of senior bankers, poaching around 100 managing directors from competitors like Goldman Sachs and Citigroup, as part of its strategy to expand its investment banking division. This hiring spree, which began after a merger of its banking units in early 2024, has seen over 300 bankers recruited, with a focus on sectors such as healthcare and technology. The move comes amid increased competition from Citigroup, which has also been actively recruiting JPMorgan talent.