J.P. Morgan Caters to Startups With Technology and Disruptive Commerce Group

Led by banking veterans James Millar and Alton McDowell, commercial banking group intensifies bank’s focus on startup economy.

J.P. Morgan’s Commercial Bank announced the formation of the Technology and Disruptive Commerce (TDC) industry group within its Middle Market Banking business, and appointed veteran bankers James Millar and Alton McDowell to co-lead the effort.

The TDC group merges the existing Middle Market Banking Technology and Emerging Growth groups led by Millar and McDowell, respectively, to create an integrated team of commercial bankers across the country that are dedicated to serving early-stage companies, particularly those with steep growth trajectories and disruptive product and service offerings in categories such as software, semiconductors, food, health and wellness, home and lifestyle and pet.

“In today’s economy, startups are growing at a faster clip and basic banking needs can quickly turn complex as companies scale and grow more sophisticated,” said Melissa Smith, Head of Specialized Industries for Middle Market Banking. “We’re excited to double down on our efforts and bring our top talent, industry expertise and critical relationships to communities locally to help startups grow to their full potential.”

The TDC team will provide tailored financial solutions and bring J.P. Morgan’s global capabilities and expertise to startups including:



“The rapidly expanding innovation economy demands understanding of early-stage growth patterns, fluency with the solutions and services that high-growth companies need, and a network within the venture capital community,” said McDowell.  

“By joining forces, we’re building a dedicated ecosystem around high-growth companies to serve their needs, from opening an account on day one to expanding internationally and through a potential exit and beyond,” said Millar.

Millar and McDowell have a combined 44 years of experience in finance and have held several leadership roles at J.P. Morgan. Millar, based in New York City, previously served as the head of the Debt Capital Markets Technology, Media & Telecommunications (TMT) business in Investment Banking. McDowell, based in Houston, has held key roles in Commercial Banking’s Corporate Client Banking group as well as in Investment Banking. They will report to Melissa Smith.

Read about our Technology & Disruptive Commerce group announcement in Reuters:

Technology and Disruptive Commerce


Chase Connect is a registered trademark of JPMorgan Chase Bank, N.A. JPMorgan Chase Bank, N.A. is a wholly-owned subsidiary of JPMorgan Chase & Co.