J.P. Morgan launched Small-Cap Investment Banking (SCIB), a strategic expansion of its Mid-Cap Investment Banking (MCIB) division designed to broaden coverage for smaller commercial and specialized industries (C&SI) clients.
The new SCIB group will focus on advising middle-market businesses generally valued between $100 million and $500 million. Anchored in key regional hubs across Atlanta, Chicago, Dallas, Los Angeles and New York, the team will initially target diversified industries, consumer and retail and business services.
John Richert, head of MCIB and global head of business services investment banking at J.P. Morgan, announced the new division via an internal memo, which also outlined a string of leadership appointments to spearhead the effort.
Michael Flynn has joined the firm as head of SCIB, reporting directly to Richert. Based in New York, Flynn brings more than 25 years of experience advising middle-market companies across sectors in investment banking, corporate development and private equity, most recently serving as a managing director at G2 Capital Advisors.
Reporting to Flynn, the new SCIB leadership team will also include:
- Arash Farin, Managing Director (Los Angeles): Joining J.P. Morgan this month, Farin brings nearly 30 years of industry experience. He most recently served as a managing director at Centerstone Capital, with previous roles at Sage Group, Goldman Sachs, Blackstone and Lehman Brothers.
- Jamie Eastham, Executive Director (Atlanta): Moving into his new role, Eastham brings more than 15 years of experience, transitioning from J.P. Morgan’s Strategic Financing Solutions team.
According to the announcement, the newly formed SCIB unit will collaborate closely with other internal J.P. Morgan divisions, including commercial banking, the mid-cap financial sponsors group, transaction development and the private bank.
