JPMorgan creates strategic financing solutions team within investment bank

JPMorgan Chase (NYSE:JPM) is bringing together teams from across its banking, markets and sales units to launch a new group dedicated to customized financing solutions in public and private markets, according to a media report published Monday.

The new strategic financing solutions team will initially focus on structured private tools, as well as infrastructure finance deals, asset-backed securities financing, direct lending and merchant banking, Bloomberg reported, citing an internal memo.

Co-leading the team include Warfield Price, head of general industries leveraged finance, and Masi Yamada, global chief of corporate structuring, the article said.

The duo will report to the global head of capital markets, Kevin Foley, and Brad Tully, global head of private side sales and corporate derivatives.

“Financing needs are becoming increasingly complex while investors are seeking exposure to new markets,” Doug Petno and Troy Rohrbaugh, co-heads of the commercial and investment bank, wrote in the memo, Bloomberg reported.