JPMorgan Chase has hired two senior technology investment bankers from Bank of America as part of a broader push to strengthen its position in high-growth sectors, including artificial intelligence and semiconductors, according to a Reuters report.
The hires include Kaushik Banerjee, previously Bank of America’s global head of semiconductor investment banking, and Homan Milani, formerly head of Americas internet investment banking. Both join JPMorgan as managing directors, bringing deep experience advising major technology companies on mergers, acquisitions, and capital markets transactions.
The move reflects intensifying competition among Wall Street banks to capture a larger share of technology dealmaking, particularly as AI-driven demand reshapes capital allocation and corporate strategy. Banerjee is expected to focus on semiconductor and electronics clients, while Milani will co-lead JPMorgan’s AI initiative, highlighting the firm’s growing emphasis on artificial intelligence as a core investment banking vertical.
The hires come alongside internal promotions within JPMorgan’s technology group, including the elevation of Riaz Ladhabhoy to vice chair to support the firm’s global semiconductor practice. The expansion builds on a broader hiring strategy that has seen JPMorgan add roughly a dozen senior technology bankers over the past year.
JPMorgan has already emerged as a leader in technology investment banking, topping league tables for both U.S. and global tech deal fees in the first quarter. The addition of senior bankers with specialized expertise in semiconductors, internet platforms, and AI is expected to further strengthen its competitive position as deal activity rebounds.
The broader context reflects a renewed arms race among major banks, with firms aggressively recruiting senior talent to capitalize on a resurgence in mergers and acquisitions and the rapid evolution of the technology sector. As AI continues to transform industries and drive investment activity, banks are increasingly organizing coverage groups and advisory capabilities around emerging technology themes.
JPMorgan’s latest hires underscore how critical sector expertise and client relationships have become in winning mandates, particularly in areas such as semiconductors and AI where deal complexity and strategic importance continue to rise.
