Minority Depository Institutions (MDIs) provide vital financial services to underserved communities and are key to helping close the racial wealth gap. Since 2020, JPMorgan Chase has made more than $100 million in direct equity investments in diverse-owned and -led financial institutions, providing access to capital, resources and mentorship to help these institutions grow.

To help continue driving this effort forward, Bruce DeWitt has joined J.P. Morgan as a managing director on its banks coverage team within the Corporate Client Banking Financial Institutions Group (FIG), reporting to the Head of Banks in Commercial Banking, Andrew Guida, and based in New York. In this role, DeWitt will serve as JPMorgan Chase Commercial Banking’s lead on its MDI efforts, as part of the firm’s $30 billion commitment to advance racial equity.

DeWitt has nearly 25 years of experience in financial services. Most recently, Bruce founded and managed Hudson Views, a private equity real estate firm committed to ESG impact. Prior to that, he worked at Wells Fargo Securities for over 15 years in several leadership roles.

“With Bruce’s experience and leadership qualities, I’m confident that he’ll bring tremendous value in supporting our MDI clients’ growth,” Guida said.