JPMorgan Chase has hired a record number of senior commercial and investment bankers in the past year as part of an assault on markets it is targeting for growth. The Wall Street bank has poached about 100 managing directors from competitors including Goldman Sachs and Citigroup since early last year. The recruitment campaign has significantly exceeded hiring in previous years. JPMorgan has brought more managing directors into its global banking division over the past 12 months than it did in the previous decade. The spree was launched following an internal review when JPMorgan combined its commercial, investment and corporate banking units in early 2024. The bank wants to boost its market share in investment banking subsectors including healthcare, technology and infrastructure. It is also looking to expand in Europe and Asia and build out its middle market banking business. JPMorgan’s hiring spree has been across regions and has targeted its main rivals, as well as boutique advisory firms and private equity groups. JPMorgan is looking to cement its position as the top bank globally for total investment banking fees. It reported investment banking fees of $4.7bn during the first six months of the year, compared with $4.1bn at Goldman and $2.2bn at Citi for the same period. The bank has also reshuffled leadership roles in recent years as a handful of senior figures vie to succeed Jamie Dimon, chief executive for nearly two decades. The leading contenders to replace him are considered to be Doug Petno and Troy Rohrbaugh, the co-heads of the commercial and investment bank, and Marianne Lake, head of JPMorgan’s consumer bank.