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

JPMorgan Chase is hiring Dan McDow from Citigroup to run its east coast technology investment banking business, according to a memo seen by Reuters. McDow will join JPMorgan in New York later this year after spending the past four years as Citi’s global head of software investment banking. The memo said he has two decades of experience and much of his career at Credit Suisse. Citi declined to comment, while a JPMorgan spokesperson confirmed the move. The hire follows JPMorgan’s push in technology investment banking as software dealmaking rebounds with recovering valuations and AI-driven activity.