Sept 9 (Reuters) - JPMorgan Chase & Co ( JPM ) has hired

Humberto Garcia-Salas and Andrew Redmond as managing directors

for its Mid-Cap Investment Banking division, as it seeks to

further strengthen its investment banking segment, according to

a memo seen by Reuters.

Wall Street banks are increasingly seeing improvement in

investment banking activity with the equity market rallying on

rate-cut and soft-landing expectations and with capital markets

continuing to see a strong public listing pipeline.

Garcia-Salas is a former JPMorgan executive who joins the

bank from Greenhill & Co., where he spent nearly eight years and

was most recently a managing director.

Redmond will join the firm later this year from Guggenheim

Partners, where he was also a managing director, the memo added.

Both will report to John Richert, the head of Mid-Cap

investment banking.

Last week, JPMorgan named Andrew Castaldo and Andrew Martin

as co-heads of the mid-cap mergers and acquisitions unit.

JPMorgan serves more than 30,000 middle-market clients and

advised on over 200 middle-market M&A transactions - generally

worth below $2 billion - in 2023.