business
Dan Ives Leaves Wedbush to Launch Yorkville Ives Merchant Bank with Yorkville Securities
Dan Ives has left Wedbush Securities after eight years to launch Yorkville Ives in partnership with Yorkville Securities. The new firm will offer investment banking, equity research, institutional trading, and principal investment services focused on technology and infrastructure.
Jul 18, 5:57 AM·1m read1 source
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Dan Ives has left Wedbush Securities to launch Yorkville Ives, a new merchant bank formed through a partnership with Yorkville Securities. Ives will serve as partner and senior managing director at the firm, which combines investment banking, equity research, institutional trading, and principal investment, Business Insider reported.
The move ends his eight-year tenure at Wedbush, where he built a large following through frequent media appearances.
As of Wednesday, Yorkville Ives employed between 10 and 20 people. Ives said the firm has no specific hiring plans but has received substantial interest from potential employees. He added that he is seeking candidates with strong backgrounds across research, sales, trading, and banking.
Ives stated that Yorkville Ives will serve both public and private companies. He described the firm as a "Swiss Army knife" for transactions and said it aims to deliver a "sophisticated white glove modern merchant bank" to clients of varying sizes. Ives stepped down as chairman of Eightco Holdings in March.
He remains on the advisory board of Zeta Global. He told Business Insider the decision to leave Wedbush was difficult but represented the natural next step after months of discussions with Yorkville Securities.
