J.P. Morgan Chase formed a team of 12 investment bankers, including nine new hires, dedicated to serving small-cap companies. This is also the latest move by the bank's global investment banking division to continue expanding its team this year. According to an internal memorandum, the target companies of the team's services ranged from $100 million to $500 million in valuation. The new recruits include four managing directors: Houston-based Gabe Gerenstein, New York-based Mike Goettemoeller, Miami-based Roberto Hernandez, and Chicago-based Cameron Soelberg. “We want to be number one in every product, region, and country where we do business,” Gori said in an interview. The US small-cap market is a typical example of this opportunity. This type of enterprise wants to accelerate expansion, seize strategic opportunities, and arrange management succession, and demand for professional investment banking advice is rising.” According to Gori, the business focuses on health care, technology, infrastructure, private equity funders, etc., and also lays out regions such as Japan, the Middle East, and Africa.

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