Investment Banking

Radical changes on the way for investment banks

For a glimpse of the future of investment banking, just look at the recruiting section of JP Morgan Chase’s website.

Wall Street investment banks are facing big changes
Wall Street investment banks are facing big changes

For a glimpse of the future of investment banking, just look at the recruiting section of JP Morgan Chase’s website.

It lists 123 positions open in sales, trading and research - worldwide - and only 30 in New York City. But there are more than 2,000 postings in technology. One recent position, with a unit JP Morgan calls its Blockchain Center of Excellence, invites applicants to send their "resume, LinkedIn profile and/or twitter handle".

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