Wedbush

Dan Ives, managing director and senior equity research analyst at Wedbush, is leaving after 8 years to launch his own merchant bank focused on technology, energy, infrastructure, and financial sectors

Leadership read: Dan Ives built a personal media franchise inside Wedbush's equity research infrastructure, and his departure severs that linkage cleanly. What the firm now faces is a gap that isn't easily backfilled by a like-for-like research hire: Ives functioned simultaneously as analyst, distribution channel, and brand ambassador — his CNBC visibility and social reach were effectively proprietary deal-flow surface area for the franchise. The merchant bank he is launching commits him to principal activity (advising and transacting in technology, energy, and infrastructure) rather than commentary, which is a structurally different business and requires a different operational apparatus: deal origination, client coverage, and capital-raising functions that pure research platforms don't carry. This is one of 12 leadership-change signals we have tracked in the last 90 days. The broader set — spanning Opendoor, PhonePe, Truist, and Balderton — mostly reflects conventional succession and operational restructuring. The Ives departure is categorically different: it is a senior practitioner converting public-markets credibility into a principal-side platform, which is a rarer and more directional move. That move concentrates demand at the seam between research-grade sector conviction and transaction execution — specifically, operators who can run coverage relationships and commercial origination simultaneously across tech and energy infrastructure. Merchant banking at this stage of market activity in those sectors requires commercial leadership with both institutional relationships and the ability to close — not one or the other.

curated · 2026-07-02 · context →

Wedbush hired Steve Schwary, a veteran financial advisor and portfolio manager, to its Wealth Management division. This signals capacity expansion in advisory services.

Leadership read: A hiring build-out like this points to deepening the sector executive bench strength over the coming quarters.

curated · 2026-06-26 · context →