JPMorgan Chase & Co. (JPM) hired Hideki Somemiya from Merrill Lynch Japan Securities Co., to be appointed as managing director and head of its technology, media and telecommunications group next week, reported Bloomberg Friday, quoting two people familiar with the hiring. Report said, JPMorgan is seeking to expand its merger advisory and equity underwriting operations in Japan and the hiring of Somemiya is a measure to increase its merger advisory and equity underwriting business for Japanese technology companies. Aiming at higher revenues, Japanese technology companies have started selling their non-profitable assets and investing in main businesses.
JPMorgan's Tokyo office declined to comment anything regarding the appointment, while the Tokyo-based Merrill Lynch's spokesman had said in May that Somemiya would be leaving the company, reported Bloomberg. JPMorgan ranks fifth among underwriters of Japanese equity and equity linked transactions this year, said Bloomberg.
JPM closed Thursday's regular trading at $32.27 on the NYSE.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.