Phil Sieg, who took over as Chief Executive of J.P. Morgan Advisors in April, outlined the plan as part of a broad strategy shift for the unit.
A private banker who sources said may have been responsible for as much as $4 billion in assets is staying in New York but has joined a team led by a Chairman’s Club producer in Indianapolis.
New Orleans-area advisor who was managing $145 million at a Chase branch allegedly violated employment agreements by soliciting former clients.
Former JPMorgan Chase bank-based broker acceded to his former firm’s customer contact block but did not admit wrongdoing.
JPMorgan Chase & Co.’s wealthy clients suddenly found themselves shut out from trading at the height of this week’s drama in stock markets — just as prices cratered into the worst rout since 1987.