JP Morgan is launching a high net worth wealth management business in the U.K., Financial News reports. The new unit will assist high net worth clients in maintaining and growing their wealth. Tracey Reddings has been hired as head of the JP Morgan Private Bank unit.
In the newly created role, Reddings will work under JP Morgan Private Bank U.K. head Olivier de Givenchy. Prior to this, she served at SG Hambros as head of U.K. private banking.
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