Jul 29, 2026 – 5.00amInvestment banks have become a hunting ground for talent amid a boom in artificial intelligence, with data centre developers raiding research desks and advisory teams to bankroll, build and sell a wave of new projects.The latest to join the data centre gold rush is JPMorgan’s head of technology, media and telecommunications research, Bob Chen, who resigned last week after seven years at the Wall Street giant’s Sydney outpost.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Investment bankers jump ship as data centre talent war heats up
The latest to join the gold rush is JPMorgan head of technology, media and telecommunications research Bob Chen, who will join Nasdaq-listed Iren.
TL;DRAI
JPMorgan's Bob Chen quit tech research after seven years as data centre developers raid investment banks for talent to build AI infrastructure. The trend reflects enterprise AI's infrastructure bottleneck, pushing investment banks to shift resources from traditional advisory toward data centre and capex financing.
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