'We have been executing a very aggressive plan to hire senior bankers'.
“We have been executing a very aggressive plan to hire senior bankers in select areas,” Pinto said in an interview in London.
Bloomberg News reports that a historic boom in mergers, fuelled by low interest rates and led by deals worth tens of billions of dollars, has been a boon to securities firms, which have seen trading revenue decline. JPMorgan advised on about one-third of the world’s record $3.5 trillion of mergers this year, placing it second among advisers, up one notch from last year, data compiled by Bloomberg show.
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