JPMorgan hiring Citigroup’s McDow to run east coast tech investment bank, memo says

JPMorgan Chase is set to hire Dan McDow from Citigroup to lead its east coast technology investment banking division, according to a memo obtained by Reuters. McDow will join the firm in New York later this year, following a stint as Citi's global head of software investment banking for the past four years. The memo, drafted by Chris Grose and Greg Mendelson, the global co-heads of technology investment banking, confirms McDow's move to JPMorgan.

With two decades of experience in investment banking, McDow previously worked at Credit Suisse before joining Citigroup. This hiring comes as JPMorgan accelerates its growth in technology investment banking, benefiting from rising deal activity in the software sector and the expanding artificial intelligence ecosystem. Additionally, David Fishman will join JPMorgan as head of North America technology mergers and acquisitions from Bank of America, while current Technology M&A head Vineet Seth will be promoted to vice chair of investment banking.

Both Fishman and Seth will be part of JPMorgan’s newly-established Technology M&A Leadership and Advisory Council.