Key facts
- John China and Andrew Kresse co-lead JPMorgan's Innovation Economy team, comprising over 550 employees.
John China and Andrew Kresse, known collectively as JACK, co-lead JPMorgan's Innovation Economy team for founders and venture capital firms. The team has grown to over 550 employees, serving more than 11,000 companies.

JPMorgan is aggressively expanding its focus on early-stage startups and venture capital, signaling a strategic shift to compete more directly with rivals like Goldman Sachs and Morgan Stanley in this crucial growth area.
John China and Andrew Kresse, who share the nickname JACK, are co-leading JPMorgan's Innovation Economy team, which supports over 550 employees and more than 11,000 companies. The team focuses on banking startups from their earliest stages, aiming to foster relationships from pre-seed through to IPO. China, a veteran from Silicon Valley Bank, and Kresse, a long-time JPMorgan executive, have been instrumental in the team's rapid expansion, which has seen its client base quadruple and hired over 200 bankers since 2023. They emphasize a collaborative leadership style, built on trust and delegation, to manage the fast-paced growth and diverse needs of companies in sectors like AI. Their strategy involves undercutting the perception that JPMorgan is only for established firms, aiming to be a partner for founders throughout their company's lifecycle.
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