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JPMorgan elevates three insiders as global investment banking chairs on M&A revival
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JPMorgan elevates three insiders as global investment banking chairs on M&A revival
Sep 9, 2025 8:29 AM

Sept 9 (Reuters) - JPMorgan Chase ( JPM ) named three

insiders as global chairs of its investment banking division on

Tuesday, as U.S. banks position themselves to capitalize on a

recovery in dealmaking activity in 2025.

Global mergers and acquisitions hit $2.6 trillion in the

first seven months of the year, the highest since a 2021

pandemic-era peak, boosting investment banks' prospects.

The three - Howard Chen, Charlie Dupree and Fred Turpin -

will join a senior team that provides strategic advice to some

of JPMorgan's ( JPM ) most important clients as the largest U.S. bank

bolsters its investment banking division, a key driver of recent

profits.

The lender beat estimates for second-quarter profit in July

and its investment banking fees rose 7% to $2.5 billion, fueled

by an increase in M&As and debt underwriting.

Chen, who joined JPMorgan ( JPM ) in 2018, was most recently co-head

of the North America financial institutions group, while Dupree

served for the last seven years as vice chair of investment

banking for M&A.

Turpin, most recently JPMorgan's ( JPM ) global head of media &

communications investment banking, has been with the bank 30

years, having worked on deals such as T-Mobile and Sprint and

Warner Media and Discovery, among others.

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