JPMorgan hires two top technology bankers from Bank of America, memo says

Opendoor Technologies

22/04/2026 20:35

Kaushik Banerjee and Homan Milani join JPMorgan as managing directors from BofA

Banerjee and Milani bring extensive deal experience in semiconductors and internet sectors

JPMorgan expands tech investment banking, tops league tables for tech deal fees, Dealogic reports

By Milana Vinn

NEW YORK, April 22 (Reuters) - JPMorgan JPM.N has hired two veteran technology bankers from Bank of America as it continues to expand its tech investment banking group, according to an internal memo seen by Reuters.

The bank has added a top semiconductor investment banker Kaushik Banerjee and a veteran internet investment banker, Homan Milani, according to the memo by the bank's Global Co-Heads of Technology Investment Banking Greg Mendelson and Chris Grose.

Banerjee, the global head of semiconductor investment banking and electronics at BofA, will join as a managing director and continue to focus on supporting semiconductor and electronics clients.

Milani, who was BofA's head of Americas internet investment banking, will join JPMorgan as a managing director and co-head of its AI effort.

BofA declined to comment.

Banerjee, who spent four years at BofA, has emerged as one of the rainmakers after advising on nearly a dozen marquee transactions in the semiconductor sector, including:

ASML's $1.4 billion investment in Mistral AI

IonQ's $1.8 billion acquisition of Skywater

the $8.2 billion sale of National Instruments to Emerson

the $1.45 billion sale of EA Elektro-Automatik to Fortive

the $339 million sale of Transphorm to Renesas

the $600 million sale of AMI to THL Partners

Bain's acquisition of Somacis for an undisclosed amount

While at Bank of America, he also advised on the restructuring of Renesas’ $2.1 billion investment in Wolfspeed, Intel’s approximately $400 million minority sale of IMS and the $1 billion minority investment in Coherent’s silicon carbide semiconductor business.

As a leading internet banker at Bank of America, Milani had worked on M&A advisory and financing deals for DoorDash DASH.O, Unity Software U.N, Lyft Inc LYFT.O, Zillow Group ZG.O, RealReal Inc REAL.O, Match Group MTCH.O, Grindr, Pinterest Inc PINS.N, Affirm Holdings AFRM.O, SoFi Technologies SOFI.O, Opendoor Technologies OPEN.O, and Snap Inc SNAP.N, among others.

In the memo, Mendelson and Grose also said that Riaz Ladhabhoy, a managing director in the technology group, has been appointed as a vice chair focused on supporting its global semiconductors practice.

JPMorgan has doubled down on growing its technology investment banking and M&A groups in recent years, emerging at the top of the league tables for fees from U.S. and global tech deals signed in the first quarter, according to data compiled by Dealogic.

JPMorgan hired about a dozen senior tech bankers last year.

(Reporting by Milana Vinn in New York; Editing by Dawn Kopecki, Jamie Freed and Chizu Nomiyama )

((Contact Milana via Signal @MilanaVinn.01 or at milana.vinn@tr.com))