BANK OF AMERICA HIRES JPMORGAN'S TIM CARPENTER TO CO-LEAD INVESTMENT BANKING

Bank of America has hired technology banking veteran Tim Carpenter from peer JPMorgan Chase to co-lead its software investment banking business. Investment banking has experienced an improvement in 2024, riding on hopes of potential rate cuts and expectations of soft landing of the the U.S. economy.

Carpenter, who has been with JPMorgan since 2015 after moving from Deutsche Bank AG, will be joining Bank of America this December. At JP Morgan, he held the role of co-head of enterprise technology and cloud investment banking,

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