JP Morgan has made new hires from some of its main rivals to expand its Corporate Client Banking and Specialized Industries Speciality Finance Group, which will include a focus on FinTech.
Peggy Doerr joins as Executive Director from Deutsche Bank’s FinTech Investment Banking team.
Brody Mulderig joins as Vice President, previously VP for Financial Technology Coverage within Corporate & Investment Banking at Wells Fargo.
Alastair Ojeda joins as Vice President, having previously covered Speciality Finance, FinTech and Insurance companies for Goldman Sachs.
What does this mean?
The move will bring industry experts in to work closely with FinTech companies as JP Morgan looks to develop its offering for a changing ecosystem. “We’re seeing a pronounced uptick in FinTech companies in need of tailored solutions for their unique business models.”