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JPMorgan Technology Head Bob Chen Joins Iren as AI Data Centre Hiring Spree Intensifies

Australian Financial Review

ENRICHED

Details

Date Published
28 July 2026
Priority Score
2
Australian
Yes
Created
29 July 2026, 12:00 am

Authors (2)

Description

The latest to join the gold rush is JPMorgan head of technology, media and telecommunications research Bob Chen, who will join Nasdaq-listed Iren.

Summary

The rapid expansion of AI infrastructure is driving a talent migration from traditional finance into specialized data centre development, as evidenced by high-profile executive departures. This shift highlights the commercial urgency behind scaling physical compute capacity, which serves as the foundational infrastructure for training and deploying frontier AI models. While primarily a business development story, the massive influx of capital and expertise into AI data centres directly impacts the acceleration of AI capabilities and the concentration of compute resources relevant to global governance and risk management.

Body

CompaniesFinancial ServicesInvestment bankingPrint articleJoanne Tran and Jenny WigginsJul 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.Loading...SaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleRead MoreInvestment bankingData centresWall StreetAIFetching latest articles