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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.

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