Technology analyst Dan Ives is exiting Wedbush Securities to pursue a new venture, according to reports from CNBC and the Financial Post. Both outlets say Ives will depart his role at Wedbush and use the move to build a new business focused on what he describes as a “modern merchant bank.” The coverage describes Ives as a well-known Wall Street technology analyst and notes that he plans to launch the new firm rather than continue in his prior capacity. CNBC reports that Ives’ new company will seek to operate as a modern merchant bank, while the Financial Post similarly frames the plan as the creation of a merchant bank and characterizes Ives’ departure as part of a transition to an entrepreneurial effort. The reports do not provide extensive details on the venture’s funding, target clients, geographic scope, or timeline beyond indicating that the new firm is the next step following his exit from Wedbush.