JPMorgan is recruiting for a managing director for its Canadian 'innovation economy' unit.

U.S. financial services giant JPMorgan Chase & Co. JPM-N is making a play to expand banking services to Canadian technology companies, two years after the collapse of Silicon Valley Bank reordered the domestic sector.

JPMorgan, the world’s most valuable bank by market capitalization, is recruiting for a managing director for Canada for its “innovation economy” unit after making modest inroads in this country in recent years catering to the banking needs of innovation-driven companies.

JPM has five dedicated technology bankers in Toronto, Montreal and Vancouver and has picked up hundreds of clients in Canada, including legal software vendor Clio. The Vancouver-area company uses JP Morgan for cash

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