March 23 (Reuters) - JPMorgan Chase ( JPM ) has hired a

senior investment banker from Bank of America ( BAC ) to lead

its North America business services investment banking team, the

latest in a string of senior recruits it has made from its Wall

Street rival.

Hiring from rivals has accelerated as dealmaking rebounds,

prompting banks to step up competition for experienced coverage

bankers.

Brian Henderson is joining JPMorgan ( JPM ) to head North America

business services investment banking, according to an internal

memo seen by Reuters. He brings more than two decades of

experience, particularly in waste and environmental services,

utility and infrastructure services, and equipment rental.

Henderson most recently led Bank of America's ( BAC ) business

services coverage as a managing director within its global

industrials group. He will report to John Richert, JPMorgan's ( JPM )

global head of business services investment banking, the memo

said.

Henderson's hire is part of a broader effort by JPMorgan ( JPM ) to

expand its business services franchise amid a rebound in deal

activity, the memo said.

Business services - a broad category that includes

outsourced services, industrial services and technology-enabled

operations - has become an increasingly competitive area for

investment banks as private equity firms and corporate buyers

step up dealmaking after a prolonged slowdown.

COMPETITION

The move follows a series of targeted hires JPMorgan ( JPM ) has

made from Bank of America ( BAC ) recently, including Roy Wouters, who

joined from Bank of America ( BAC ) as co-head of EMEA health-care

investment banking alongside Juha Anjala.

Other JPMorgan ( JPM ) hires from Bank of America ( BAC ) in the past year

include Kevin Brunner, whom it hired as global chair of

investment banking and M&A; Mark Garcia, who joined as vice

chair and global head of semiconductors; and Roy Wouters, who

was brought on as co-head of healthcare investment banking for

Europe, the Middle East and Africa.

Bank of America ( BAC ) has also been hiring from rivals, including

bringing over JPMorgan ( JPM ) banker Patrik Czornik as co-head of EMEA

technology, media and telecommunications investment banking.

Bank of America ( BAC ) hires from JPMorgan ( JPM ) in the past year include

Satish Arcot, who joined as a managing director to lead equity

capital markets in India and the broader Asia-Pacific region,

and Gary Weiss, who moved to Bank of America's ( BAC ) EMEA M&A team in

London. The bank also recruited David Gill into its regional

investment banking group in the Americas.

Earlier this month, Bank of America ( BAC ) announced it hired

another three senior technology bankers. Those include Gary

Kirkham from Centerview Partners to become ‌its executive vice

chair; and Jason Rowe, from Goldman Sachs, to become Bank of

​America's global co-head of technology investment banking.

A JPMorgan ( JPM ) spokesperson confirmed the memo's contents. Bank

of America ( BAC ) declined to comment.