JP Morgan in the US is revamping its wealth management operation as it struggles with a meagre market share in comparison to its rivals.
The bank is set to create a new wealth unit in the US aimed at clients with up to $25 million in liquid assets, and including its new online brokerage service You Invest. JP Morgan’s private bank for the super wealthy, which operates in the UK, remains separate.
Kristin Lemkau will head JP Morgan's n...
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