JPMorgan Forms New Banking Team Focused on Bespoke Financings

JPMorgan Chase & Co. created a unit in its commercial and investment bank focused on bespoke financing structures across public and private markets.

The business, dubbed strategic financing solutions, will be a collaboration between banking, markets and sales, according to an internal memo Monday. It will initially focus on structured private solutions, infrastructure finance, strategic asset-backed securities finance, merchant banking and direct lending.