JPMorgan Strengthens Investment Banking Leadership with BofA Veteran Hire Amid Deal Rebound
JPMorgan Chase & Co. has appointed Kevin Brunner, a seasoned Bank of America executive, as global chair of investment banking and M&A. Brunner's extensive experience includes advising on landmark tech deals such as Google's $32 billion acquisition of Wiz and Broadcom's $69 billion VMware purchase. The MOVE signals JPMorgan's strategic push to capitalize on the resurgence in global dealmaking and IPO activity.
Meanwhile, the bank is contesting $115 million in legal fees tied to former executive Charlie Javice's fraud case. Investors responded positively to the leadership addition, with JPMorgan shares rising 2% to $300.44 during Thursday's session. The appointment underscores Wall Street's renewed focus on high-value transactions as market conditions stabilize.