J.P. Morgan Private Bank

Customer types


J.P. Morgan Private Bank

Company Profile

J.P. Morgan Private Bank, the global private banking division of JPMorgan Chase & Co, offers investment advisory and management; tax, trust and estate planning; capital markets and advisory services; lending solutions; and other specialty wealth advisory services. 

It also offers day-to-day banking solutions for HNW and UHNW individuals and businesses, as well as private banking custody services and digital capabilities for US and non-US clients.

Headquartered in New York, the private bank operates in the Americas, Asia, the Middle East and Africa, and Europe. Overseeing more than $2.1 trillion in client assets globally, it focuses on the needs of ‘the most sophisticated clients’ who require the scope and breadth of a firm the size of J.P. Morgan.


JPMorgan Chase & Co’s history can be traced to 1799 and the founding of the Manhattan Company, its oldest predecessor institution. In its current structure, the bank is the result of the mergers of several US banks: Chase Manhattan Bank (formed when the aforementioned Manhattan Company purchased Chase National Bank), J.P. Morgan & Co. and Bank One, as well as Bear Stearns, Washington Mutual and First Republic. 

Predecessors also include Chemical Bank, Manufacturers Hanover, First Chicago Bank, National Bank of Detroit, Texas Commerce Bank, Providian Financial and Great Western Bank.  

In 1871, J.P. Morgan & Co. was founded by J.P. Morgan, who launched the House of Morgan on 23 Wall Street, offering commercial, investment and private banking services. 

The Manhattan Company, which merged with Chase National Bank in 1955 to form the Chase Manhattan Bank, was acquired by Chemical Bank in 1996. It retained the Chase name to form what was then the largest bank holding company in the United States. 

In 2000, J.P. Morgan merged with Chase Manhattan, with the new firm called J.P. Morgan Chase & Co, and four years later merged with Bank One Corporation, retaining the name JPMorgan Chase & Co. In 2008, amid the collapse of the housing and mortgage markets and onset of the global financial crisis, JPMorgan Chase & Co. acquired Bear Stearns and Washington Mutual to stabilise financial markets.

In 2010 J.P. Morgan acquired full ownership of its UK joint venture, J.P. Morgan Cazenove, which has a history dating to 1823.

In February 2019, J.P. Morgan announced the launch of JPM Coin, a digital token that will be used to settle transactions between clients of its wholesale payments business – namely corporations, banks and broker-dealers – the first real-world use of a digital coin by a major US bank.

In 2021, the company made more than 30 acquisitions of smaller companies, including ESG investment platform OpenInvest and UK digital wealth management platform Nutmeg. 

Senior leadership

Chief Executive Officer of J.P. Morgan Asset and Wealth Management: Mary Callahan Erdoes

Chief Executive Officer of the US Private Bank: David Frame

Executive Chairman of the Global Private Bank: Andrew L. Cohen

Chief Executive Officer, Asia Private Bank: Kam Shing Kwang

Chief Executive Officer, EMEA Private Bank: Pablo Garnica Alvarez-Alonso

CEO, International Private Bank: Martin Guillermo Marron

Global Head of Trusts & Estates: Adam Clark

Private client services

Wealth planning and advice

J.P. Morgan Private Bank’s HNW and UHNW wealth managers advise individuals and families on:

Trust and estate planning

  • Domestic and international estate planning
  • Cross-border wealth advisory – across countries, time zones and tax codes
  • Philanthropy and grant management
  • Trust and estate administration as a trustee or executor

Philanthropic planning

  • Philanthropy services and advice, including the JPMorgan philanthropy centre, a dedicated team of advisers
  • Private foundation services
  • Donor-advised funds

Family governance

  • Family wealth stewardship – creating a roadmap to preserve, protect and pass on wealth
  • Succession planning for family wealth, including business, investments or property

Family office services

  • Public and private investments, trust and estate planning, banking custodial services, specialty and traditional lending, and a robust suite of advisory services including cyber security, tax, philanthropy, family governance, family office design and management, insurance, private business advisory and executive advisory.

Private business advisory

  • Wealth management and diversification
  • Compensation planning
  • Exit planning, whether retiring, selling or transitioning to the next generation

Wealth structuring and strategy

  • Domestic and international tax planning and structuring
  • Estate planning
  • Cross-border wealth advisory


The bank offers a range of investment strategies to suit varying styles and sentiments, as well as a number of lending, planning, banking and custody services. Portfolio management and advisory services are also available for clients with assets spanning equities, fixed income and alternative investments, and include:

Managed portfolio solutions

  • Comprehensive core: diversified investments that combine strategic asset allocation and timely tactical opportunities across the active and passive investment universe
  • Thematic and targeted: to capitalise on timely market themes, implemented through single-line portfolios, mutual funds or alternatives
  • Institutional portfolio strategies: advice according to level of comfort, or serving as a full-service chief investment office

Alternative investments

  • Private equity, including corporate finance, where strategies include growth, buyout, add-ons, consolidations and restructurings; and venture capital, which consists of seed, early-stage and expansion investment strategies
  • Real assets, such as infrastructure, transport, timber, assisted living, industrial, hotels, data storage and student housing
  • Private credit, such as direct lending to SMEs, distressed and special situation markets
  • Hedge funds, including event-driven, relative-value, global-macro and equity long/short strategies

Sustainable investing

  • Values-based investing: avoiding or increasing exposure to specific companies, sectors or business practices
  • ESG: environmental, social and governance factors are a key component of portfolio construction and investment decisions
  • Thematic investing: targeting specific themes or issues
  • Impact investing: investing with the intention of generating measurable positive impact alongside financial returns


  • Specialists to carry out instructions in the equities; fixed income; currencies, commodities and rates; concentrated and restricted stock management; and alternative investments spaces.

Outsourced CIO

The outsourced chief investment office team consists of 17 senior portfolio managers across the globe and manages more than $34.3 billion on behalf of clients such as higher-education institutions and schools; private and family foundations; arts, cultural and community organisations; hospitals and healthcare; charitable organisations and other not-for-profits; and family offices and associates. 

Services include asset allocation; portfolio construction advice and execution; manager selection and due diligence; liquidity management; and administrative reports and support.


  • Securities-based lending, using marketable securities, such as stocks, bonds and mutual funds, as collateral to meet liquidity needs.
  • Real estate lending, including US and non-US residential real estate and commercial real estate.
  • Specialty lending for fine art, aircraft, life insurance premium, sports and superyacht financing.


United States

The private bank has over 60 offices in the US, in: Atlanta, GA; Austin, TX; Baltimore, MD; Baton Rouge, LA; Boston, MA; Charlotte, NC; Chicago, IL; Cincinnati, OH; Cleveland, OH; Columbus, OH; Dallas, TX; Detroit-Birmingham, MI; East Bay, CA; Fort Lauderdale, FL; Fort Worth, TX; Grand Rapids, MI; Greenwich, CT; Houston, TX; Indianapolis, IN; Jacksonville, FL; Las Vegas, NV; Long Island, NY; Los Angeles, CA; Miami, FL; Milwaukee, WI; Minneapolis, MN; Naples, FL; Nashville, TN; New Orleans, LA; New York, NY; North Shore, IL; Oklahoma City, OK; Orange County, CA; Orlando, FL; Palm Beach, FL; Palo Alto, CA; Pasadena, CA; Philadelphia, PA; Pittsburgh, PA; Princeton, NJ; Salt Lake City, UT; San Antonio, TX; San Diego, CA; San Francisco, CA; Santa Barbara, CA; Sarasota, FL; Scottsdale, AZ; Seattle, WA; South Bay, CA; St. Louis, MO; Summit, NJ; Tampa, FL; The Rockies, CO; Tulsa, OK; Upstate New York; Washington, D.C.; Westlake Village, CA.


From hubs in London, Luxembourg and Geneva and offices in Europe’s financial centres, the bank serves clients in 30 countries across Europe, the Middle East and Africa. The bank currently has offices in France (Paris); Germany (Frankfurt); Italy (Milan); Luxembourg, Belgium (Brussels), the Netherlands (Amsterdam); Spain (Madrid); Sweden (Stockholm); Denmark (Copenhagen); Switzerland (Geneva, Zurich); UK (London, Manchester).

Latin America

Clients here are managed by teams in New York, Houston, Miami and Geneva.


The private bank has offices in Hong Kong and Singapore.

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