JP Morgan has put together a 13-strong team dedicated to the development and servicing of wealthy UK...
JP Morgan has put together a 13-strong team dedicated to the development and servicing of wealthy UK individuals
Kathleen McKay, head of the UK team, joined JP Morgan from the Royal Bank of Canada in April 1997 where she worked in Geneva and New York. She joined the London office of JP Morgan 18 months ago to develop the new London based wealth management team
Javier Muguiro, managing director, private banking at JP Morgan, said: "JP Morgan already has a substantial presence in the wealth management market in continental Europe and the UK is a key part of our strategy to develop our private client business worldwide
"In the UK, the number of millionaires has more than doubled during the 1990s and that means a significant increase in demand for wealth management
"In addition to the increasing volume of wealth in the UK, there is also evidence that the way in which it is being managed is changing
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