View the article online at http://citywire.co.uk/wealth-manager/article/a736174
JP Morgan UK wealth head’s five-year plan to grow business fourfold
by Elsa Buchanan on Mar 03, 2014 at 14:28
‘They are interested in our multi-product, multi-currency and onshore/offshore complex proposition teamed with the advisory aspect.
‘We are a beneficiary of that growth because London is a magnet. Increasingly, with the regulatory environment, London is seen as a good place to be.’
As a result, the directors are looking to build out their adviser headcount fourfold ‘with the right talent’, over the next five years.
In 2013, JP Morgan Private Bank signalled its intent to take on the big UK discretionary players with the recruitment of a seven-strong team of private bankers. The team currently has over 40 private bankers in London.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop
More about this:
More from us
- Wealth Adviser: Tracey Reddings of SGPB Hambros- 'You can't rely on cannibalising other advisers'
- Wealth Manager: the Canadians are coming - RBC explains its plans for a UK takeover
- JP Morgan hires SG Hambros' Reddings for new UK wealth arm
- JP Morgan Private Bank hires seven for UK wealth push
On the road
by James Phillipps on Jul 23, 2014 at 14:34