Wall Street giant JPMorgan Chase has named industry veteran Jerry Lee as global chair of investment banking, according to an internal memo seen by Reuters on Friday.
The appointment comes as bankers worldwide anticipate a rebound in dealmaking in the second half of the year despite tariff disputes and regulatory hurdles.
Analysts expect 2026 to be a bumper year for investment banking as easing rates, recovering markets and renewed corporate confidence fuel a pickup in mergers and capital raising.
Lee will start at the largest U.S. bank by assets in the first quarter of next year, after 19 years at rival Goldman Sachs.
He recently served as Goldman's global head of biopharma banking and healthcare investment banking services.
Investment banking remains a key profit-driver for lenders, with fees from advising on mergers and underwriting capital raises often among their most lucrative revenue streams during periods of strong deal activity.
Lee, who was promoted to partner at Goldman in 2020, has advised on more than $300 billion worth of announced mergers and acquisitions, the memo said.
The appointment comes as bankers worldwide anticipate a rebound in dealmaking in the second half of the year despite tariff disputes and regulatory hurdles.
Analysts expect 2026 to be a bumper year for investment banking as easing rates, recovering markets and renewed corporate confidence fuel a pickup in mergers and capital raising.
Lee will start at the largest U.S. bank by assets in the first quarter of next year, after 19 years at rival Goldman Sachs.
He recently served as Goldman's global head of biopharma banking and healthcare investment banking services.
Investment banking remains a key profit-driver for lenders, with fees from advising on mergers and underwriting capital raises often among their most lucrative revenue streams during periods of strong deal activity.
Lee, who was promoted to partner at Goldman in 2020, has advised on more than $300 billion worth of announced mergers and acquisitions, the memo said.
You may also like
Indore: Tribute Paid To Ahilya Bai With Royal Procession And Rituals
'Absence Of Public Advertisement Alone Not Enough To Invalidate MIDC Land Allotments': Bombay HC
Mumbai Fraud: EOW Arrests Developer For ₹55 Crore Redevelopment Scam In Versova
'I visited North Korea's new luxury beach resort - this is what it's really like'
Cottage Pie is tastier if you swap mashed potato with 1 ingredient
