2023-07-11 09:44:00 ET
JPMorgan Chase ( NYSE: JPM ) said Tuesday it named John China , who previously worked at failed lender Silicon Valley Bank ( OTCPK:SIVBQ ) for 27 years, as co-head of innovation economy for commercial banking based in San Francisco.
China was most recently serving as president of SVB Capital, SVB's venture capital and private credit fund platform.
The SVB veteran will join New York-based Melissa Smith, who is continuing her dual role as co-head of innovation economy and head of specialized industries for JPMorgan's ( JPM ) commercial banking arm.
Together, they will lead a team of over 350 bankers for more than 6,000 innovation economy companies worldwide. Since 2016, JPM's commercial banking unit has steadily built its innovation economu business to support high-growth companies , startups, founders and venture capital firms.
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JPMorgan adds SVB veteran John China to commercial banking team