The slump in dealmaking is a good time to pick up senior talent, according to JPMorgan’s global co-head of investment banking.

In a wide-ranging interview with Financial News, Viswas Raghavan, co-head of global investment banking at JPMorgan, said banks had moved from not having enough staff to handle the deal boom last year to trimming their ranks again. The Wall Street investment bank aims to keep employee numbers stable during the downturn, he added.