JPMorgan appoints Garcia-Salas, Redmond for mid-cap investment banking

(Reuters) - JPMorgan Chase & Co (NYSE:JPM ) has hired Humberto Garcia-Salas and Andrew Redmond as managing directors for its Mid-Cap Investment Banking division, as it seeks to further strengthen its investment banking segment, according to a memo seen by Reuters.

Wall Street banks are increasingly seeing improvement in investment banking activity with the equity market rallying on rate-cut and soft-landing expectations and with capital markets continuing to see a strong public listing pipeline.

Garcia-Salas is a former JPMorgan executive who joins the bank from Greenhill (NYSE:GHL ) & Co., where he spent nearly eight years and was most recently a managing director.

Redmond will join the firm later this year from Guggenheim Partners, where he was also a managing director, the memo added.

Both will report to John Richert, the head of Mid-Cap investment banking.



Last week, JPMorgan named Andrew Castaldo and Andrew Martin as co-heads of the mid-cap mergers and acquisitions unit.

JPMorgan serves more than 30,000 middle-market clients and advised on over 200 middle-market M&A transactions - generally worth below $2 billion - in 2023.

Source: Investing.com