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JPMorgan combines 2 teams to handle fast-growing startups

JPMorgan Chase & Co. formed the technology and disruptive commerce industry group to better position the bank to offer services to fast-growing startups, Reuters reports.

The banking giant combined its middle-market technology team and emerging growth commercial banking team to form the new group, which will be led by James Millar and Alton McDowell, according to the report. The group will focus on doing business with startups that specialize in software, semiconductors, food, health and wellness, lifestyle and pet products.

Millar led the middle market banking technology team in New York and McDowell led the emerging growth group in Houston, Reuters wrote.