Wall Street banks are preparing for the recovery in the mergers and acquisitions market by hiring dozens of senior executives in recent months. Increased economic confidence has revived appetite that stalled in the first half of the year due to tariffs.
JPMorgan has made top-level hires across several sectors, including technology and energy, and has brought in Jerry Lee from Goldman Sachs as its global investment banking head. The bank hired more than 300 new bankers in its global unit between January and April. Citigroup also transferred senior executives from JPMorgan, while UBS appointed Taylor Henricks to head its America M&A division. Lazard, meanwhile, hired 14 executives in 2025, supporting its goal of doubling its revenue by 2030. According to experts, hiring, which stalled at the beginning of the year due to Trump’s tariffs, accelerated from July onwards. Demand for young bankers increased significantly in August. According to some brokerage firms, applications in this area have increased by 200%
Conclusion: Wall Street is turning to both senior and junior bankers as the postponed deals for 2024 come back onto the agenda. Banks continue to grow their teams with expectations of strong business volume for 2026.
