JPMorgan Chase has hired a senior executive from Morgan Stanley to lead its private equity secondaries business, according to reports. The move represents the latest personnel shift among major investment banks as they compete for talent in lucrative alternative investment sectors.

Separately, Meta Platforms has selected Morgan Stanley and JPMorgan Chase to serve as advisors on a data center development project in El Paso, Texas. The social media company has been expanding its data center infrastructure to support its growing platform operations and artificial intelligence initiatives.

The advisory appointment comes as technology companies continue investing heavily in data center capacity to meet increasing computational demands. Meta has been particularly active in data center expansion as it builds out infrastructure for its metaverse ambitions and AI research.

Meanwhile, in the aviation sector, the head of American Airlines' pilots union praised United Airlines CEO's recent comments about potential industry consolidation as showing "bold vision," though specific details about any merger discussions were not disclosed.

The personnel moves and business developments reflect ongoing competition among financial services firms for top talent and advisory mandates, particularly in high-growth sectors like private equity and technology infrastructure.