Sept 9 (Askume) – Bank of America Corp(BAC.N) has hired technology banking veteran Tim Carpenter from peer JPMorgan Chase & Co (JPM.N) to co-lead its software investments , people familiar with the matter said on Monday. Banking.
Benefiting from expectations of potential interest rate cuts and hopes of a soft landing for the US economy, investment banking experienced a recovery in 2024. The stock market has surged this year, led mainly by a handful of technology giants.
A surge in investment banking activity helped Bank of America post better-than-expected second-quarter profits, the bank announced in July.
Carpenter, who has been with JPMorgan since leaving Deutsche Bank (DBKGn.DE) in 2015
, will join Bank of America in December.
As stated in his LinkedIn profile, he serves as co-head of enterprise technology and cloud investment banking at JPMorgan Chase.
Carpenter, who has a strong background in technology investment banking from his time at Deutsche Bank, will work alongside Edward Liu, currently co-head of software at Bank of America.
