Goldman, JPMorgan, BofA Bankers Sought By Pentagon, Semafor Says

The Defense Department is pursuing investment bankers from Goldman Sachs, Morgan Stanley, JPMorgan and Bank of America as prime recruiting targets for a 30-person team, Semafor reports, citing a document prepared by search firm Heidrick & Struggles.

• The goal of the new team is to invest $200 billion over three years in defense deals, in an attempt to counter China, Semafor says
• Pentagon declined to comment to Semafor; Heidrick & Struggles didn’t immediately respond to requests for comment from Semafor

To contact the reporter on this story:
Matthew James Mcarthur in San Francisco at mmcarthur8@bloomberg.net

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