Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

JP Morgan hires SG Hambros' Reddings for new UK wealth arm

JP Morgan hires SG Hambros' Reddings for new UK wealth arm

JP Morgan has hired SG Hambros UK private bank boss Tracey Reddings (pictured) for the launch of a new wealth business.

The new business, which sits within JP Morgan Private Bank, is designed to help high-net-worth individuals and families preserve and grow their wealth.

Reddings, a former Wealth Manager cover star, will take up the newly created role as head of JP Morgan Private Wealth Management in the UK where she will be responsible for the growth of the private banking team across the United Kingdom.

At SG Hambros Reddings was responsible for the growth of the private banking team across the UK. Prior to this she was CEO of CAF Bank and CAF Marketing Services. 

JP Morgan Private bank has been servicing ultra-wealth families in the UK for more than 50 years. The new wealth division will broaden JP Morgan's reach beyond this niche area where clients with less then $25 million (£15.6 million) are typically turned away.  

The new division, which will reportedly launch in September, is modelled on the firm's existing private wealth management business in the US, which has 80 office locations dotted across the country.    

Reddings' boss Olivier de Givenchy, who heads JP Morgan Private Bank UK, said: 'With our long legacy of catering to the world’s wealthiest families, the build-out of our private wealth management business in the United Kingdom highlights our commitment to being the wealth manager of choice to the increasing number of high-net-worth clients in the region.'

He added: 'Tracey comes to J.P. Morgan with vast regional experience in wealth management and an impressive track record in helping high-net-worth clients manage their wealth.

'Her breadth and depth of expertise reflects our dedication to delivering a world class service to our clients.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter