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JPMorgan ( JPM ) hires four veteran bankers from Goldman, BofA,

Lazard

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New hires to strengthen technology investment banking team

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Tech sector remains robust amid trade tensions, driving

M&A

activity

By Milana Vinn

May 23 - JPMorgan ( JPM ) is expanding its technology

team in the investment bank with four West Coast hires from

Goldman Sachs, Bank of America and Lazard, according to a memo

to staff seen by Reuters.

"Serving the technology sector is a top priority for our

firm, and we're consistently investing in the best talent across

the industry to deliver more value to our clients," global

co-heads of technology investment banking Chris Grose and Greg

Mendelson said in the memo.

Mark Garcia is joining JPMorgan ( JPM ) as vice chairperson and

global head of semiconductors from Bank of America while Eric

Quanbeck and Brett Miller are both leaving Goldman Sachs to join

as managing directors.

Peter Duda is leaving Lazard to join JPMorgan ( JPM ) as a managing

director supporting software. Quanbeck will become the bank's

head of applied technology while Miller will become JPMorgan's ( JPM )

co-head of enterprise and cloud, Grose said. Garcia, Quanbeck

and Duda will be based in San Francisco while Miller will work

from Seattle.

"Technology powers many sectors and has long been a driving

force behind global innovation, advancement and connectivity,"

Mendelson said, adding that the bank was "dedicated to deepening

our relationships with these incredible companies that are

changing the world."

The expansion of the group comes at a time as the bank lands

major deals in the sector, having recently advised Global

Payments on its $24.25 billion acquisition of payment processor

Worldpay. It also advised Turn/River on its $4.4 billion

take-private deal of IT management software maker SolarWinds as

well as DoorDash on its $3.9 billion acquisition of the

restaurant delivery platform Deliveroo. It additionally helped

CoreWeave with its $23 billion stock debut in March.