By Svea Herbst-Bayliss and Abigail Summerville
NEW YORK, Oct 14 (Reuters) - JPMorgan Chase is hiring senior consumer and retail M&A banker Richard Peacock from Bank of America, four people familiar with the matter said on Wednesday.
Peacock, who joined Bank of America over a decade ago, will take the role of global head of consumer and retail M&A at JPMorgan early next year and be based in New York, said the people, who work in the financial industry and were not authorized to speak about his move
publicly.
He is the latest in a string of managing directors to leave Bank of America, the United States' second-largest bank, at a time the hot M&A market is prompting other personnel moves on Wall Street.
Earlier this year, Peacock was named co-head of Bank of America's newly created private capital M&A group to help private equity firms across sectors monetize their assets.
Bank of America and JPMorgan declined to comment. Peacock could not be reached for comment.
Earlier this month, JPMorgan said it hired former Sycamore Partners executive Rob Sweeney as global chair of investment banking. He will advise major corporate clients, particularly in the consumer and retail sector, and work with senior bankers on key relationships. The bank also hired Ian Carnegie-Brown, who is based in London, from UBS this year.
JPMorgan's consumer and retail investment banking team ranked No. 1 in the Dealogic industry rankings in the first six months of 2026 and for all of 2025.
The bank served as financial adviser when Alimentation Couche-Tard announced plans to buy convenience store chain Zabka and when food ingredients maker Ingredion agreed to acquire rival Tate & Lyle.
Bank of America lost another senior consumer and retail dealmaker over the summer when Andrew Conway departed to become Citigroup's global chair of consumer and retail investment banking.
JPMorgan has hired several prominent Bank of America bankers in recent months, including David Fishman, Amy Lissauer and Kevin Brunner.
But Bank of America has said it continues to invest in talent and has hired more than 40 new managing directors in the corporate and investment bank this year.
(Reporting by Svea Herbst-Bayliss and Abigail Summerville; Editing by Colin Barr, Daniel Wallis, Joe Bavier, Rod Nickel)
