JPMorgan Chase disclosed that Dan McDow will join the firm in New York later this year to head its East Coast technology investment banking business. McDow comes from Citigroup, where he served as the global head of software investment banking for the past four years.
The move was detailed in an internal memo signed by Chris Grose and Greg Mendelson, the global co‑heads of technology investment banking at JPMorgan. The memo confirmed McDow’s appointment and noted his two‑decade career in investment banking, which includes a lengthy stint at Credit Suisse before his time at Citi.
JPMorgan confirmed the hiring through a spokesperson, while Citigroup declined to comment on the departure. The recruitment is part of a broader effort by JPMorgan to strengthen its technology investment banking platform as deal activity in the sector remains robust. Valuations in the software space have been recovering, and the artificial intelligence ecosystem continues to generate significant transaction volume.
In addition to McDow’s arrival, JPMorgan recently announced that David Fishman will also join the firm later this year, moving from Bank of America to become head of North America technology mergers and acquisitions. Fishman will sit on the newly formed Technology M&A Leadership and Advisory Council alongside current head Vineet Seth, who is being elevated to vice chair of investment banking.
These hires underscore JPMorgan’s strategy to expand its technology-focused advisory capabilities on both the investment banking and M&A sides. By adding seasoned leaders with deep experience in software and broader tech sectors, the firm aims to capture a larger share of the growing pipeline of deals driven by AI, cloud computing, and digital transformation initiatives.
Industry observers note that talent moves of this magnitude are relatively rare and signal confidence in the long‑term health of the technology investment banking market. As banks compete for high‑value tech transactions, the ability to offer specialized expertise and strong client relationships becomes a key differentiator.
JPMorgan’s leadership has not disclosed specific compensation details for McDow, but such senior hires typically involve a combination of salary, bonus potential, and equity incentives designed to align the executive’s interests with the firm’s performance.
The addition of McDow and Fishman comes at a time when other major banks are also bolstering their tech teams, reflecting a broader industry trend toward deeper specialization in high‑growth sectors. Analysts expect that the continued evolution of AI and related technologies will sustain strong deal flow, providing ample opportunity for banks that have positioned themselves with the right talent and resources.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
