JPMorgan Chase has hired a record number of senior commercial and investment bankers in the past year as part of an assault on markets it is targeting for growth.The Wall Street bank has poached about 100 managing directors from competitors including Goldman Sachs and Citigroup since early last year, people familiar with the details told the Financial Times.The recruitment campaign has significantly exceeded hiring in previous years, the people added, noting that JPMorgan has brought more managing directors into its global banking division over the past 12 months than it did in the previous decade.“We have stealthily hired from across the street and we are continuing to hire,” one of the people said.The spree was launched following an internal review when JPMorgan combined its commercial, investment and corporate banking units in early 2024, according to one of the people. JPMorgan declined to comment. The bank wants to boost its market share in investment banking subsectors including healthcare, technology and infrastructure. It is also looking to expand in Europe and Asia and build out its middle market banking business.
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