Oct 24 (Reuters) - JPMorgan Chase ( JPM ) has appointed
Bank of America ( BAC ) executive Kevin Brunner as the global
chair of investment banking and M&A, according to an internal
memo seen by Reuters on Friday.
The largest U.S. lender by assets has been bolstering its
investment banking leadership as dealmaking and IPOs make a
comeback amid soaring markets and lower rates.
Brunner was most recently the chairman of global M&A and
global head of technology, media and telecommunications
investment banking at BofA.
The announcement comes on the heels of JPMorgan ( JPM ) poaching
three senior investment bankers from Deutsche Bank and Goldman
Sachs ( GS ) to expand the M&A team that caters to the business
services sector.
A 25-year BofA veteran, Brunner has advised on marquee
deals, including Google on its $32 billion purchase of Wiz,
Broadcom on its $69 billion acquisition of VMware and Analog
Devices on its $68 billion combination with Maxim.