JPMorgan Chase hired David Fishman. He will serve as head of North America technology mergers and acquisitions. Fishman joins from Bank of America. He spent nearly 16 years there. Most recently, Fishman co-led Bank of America's technology, media, and telecommunications (TMT) investment banking group.

JPMorgan forms a new investment banking group. This group focuses on key technology clients. Fishman's hire supports this effort. He joins JPMorgan later this year. His departure follows other senior investment banker exits from Bank of America. This highlights fierce competition for talent on Wall Street.