JPMorgan Raids Deutsche, Goldman for Top Investment Banking Talent
JPMorgan Chase & Co. is making bold moves to grow its investment banking business by hiring top talent from its biggest rivals, Deutsche Bank and Goldman Sachs. The bank recently brought in three senior bankers as part of its plan to expand its business services division, which focuses on companies providing essential services such as cleaning, maintenance, and infrastructure support. The new recruits are part of a larger strategy led by John Richert, the head of JPMorgan’s mid-cap investment banking group. Richert plans to increase the division’s revenue fivefold to reach about 500 million dollars over the next three to…