JPMorgan Chase & Co. has expanded its small-cap banking team with a dozen investment bankers, including nine new hires. This move is part of the bank's broader strategy to strengthen its global banking unit with executive additions this year. The new team will focus on companies valued between $100 million and $500 million.
Among the recent hires are four managing directors: Gabe Gerenstein in Houston, Mike Goettemoeller in New York, Roberto Hernandez in Miami, and Cameron Soelberg in Chicago. The appointments were detailed in an internal memo reviewed by Bloomberg News.
The new team members bring specialized expertise to support small-cap companies, a segment that has seen increased attention from major financial institutions. JPMorgan's expansion reflects a growing trend in the banking sector to cater to smaller businesses with tailored financial services.