Dan Ives Leaves Wedbush to Launch New Merchant Bank

Dan Ives, a prominent Wall Street technology analyst known for his optimistic outlook on tech stocks and his distinctive personal style, has left Wedbush Securities to establish a new firm. The venture, named Yorkville Ives, is described as a "modern merchant bank" and is a collaboration with Yorkville Securities.

The new entity aims to integrate various financial services, including investment banking, equity research, institutional trading, and principal investment, with a strategic focus on the AI, technology, and infrastructure sectors. Ives stated that the decision to leave Wedbush, where he spent eight years, was difficult but represented a natural progression in his career, driven by the desire to innovate and potentially "disrupt Wall Street."

While specific operational details remain sparse, Ives indicated that Yorkville Ives will serve both public and private companies, adopting a versatile approach to transactions. The firm has already assembled a team of 10 to 20 employees, with significant interest from potential recruits. Ives emphasized the importance of attracting "great people" with a strong culture, seeking experienced Wall Street professionals across research, sales, trading, and banking. He also noted the firm's ambition, comparing its development to the building of Rome, suggesting a long-term vision for growth and impact.