JPMorgan Bolsters Activist Defense with Bank of America Hire

JPMorgan Chase has announced plans to bolster its global shareholder engagement practice by hiring Bank of America executive Amy Lissauer. According to a memo seen by Reuters, Lissauer will join JPMorgan later this year as the global head of Shareholder Engagement and M&A Capital Markets.

Lissauer's appointment comes as JPMorgan seeks to strengthen its ability to defend against activist investors. As a veteran adviser, she has experience in advising companies facing pressure from these investors.

The new hire will be based in New York and serve as the Global Chair of Shareholder Engagement and M&A Capital Markets. Her role will focus on bolstering JPMorgan's global shareholder engagement practice.