Sept 5 (Reuters) - JPMorgan Chase ( JPM ) has named

Andrew Castaldo and Andrew Martin as co-heads of mid-cap mergers

and acquisitions unit, housed within its commercial and

investment bank, according to an internal memo seen by Reuters

on Thursday.

Castaldo, with 25 years of experience in dealmaking, has

worked at the largest U.S. lender since 2014. He most recently

served as the head of the energy M&A unit.

Martin is set to join JPMorgan ( JPM ) later in 2024, the memo said.

He will be moving from rival Bank of America ( BAC ) after an

over 27-year stint at the second-largest U.S. lender.

He led BofA's emerging growth regional coverage M&A business

- an equivalent to JPMorgan's ( JPM ) mid-cap investment banking team.

JPMorgan ( JPM ) serves more than 30,000 middle-market clients and

advised on over 200 middle-market M&A transactions, below $2

billion, in 2023.

More companies are striking deals and seeking to raise

capital through debt or equity offerings, fueling expectations

of a broad recovery in dealmaking following a years-long dry

spell.

In line with an industry-wide recovery, JPMorgan's ( JPM )

investment banking fees surged 50% in the second quarter and

sailed past Wall Street estimates for profits.

In a separate memo on Thursday, JPMorgan ( JPM ) also announced the

appointment of Ben Wilson as head of North America Energy,

Power, Renewables & Mining (EPRM) M&A, succeeding Castaldo.

Wilson returns to the bank after spending the last several

years as senior managing director at Guggenheim Securities,

leading M&A transactions across the energy, industrials and

consumer and retail sectors.