JP Morgan Private Bank grows presence in Scotland

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JP Morgan Private Bank is growing its private banking team in Scotland – and says it is “here to grow”.

The bank said it was adding more advisers to its existing team in Edinburgh to provide wealth management services to individuals, family offices, charities and family foundations across Scotland.

JPMorgan Chase & Co traces its history in Scotland back to 1888. In 1976 it became the first New York bank to open in Edinburgh and in 1999 JP Morgan set up a technology centre in Glasgow which now employs more than 2,500 people. The group also has a Chase Customer Support centre in Edinburgh.

Oliver Gregson, head of JP Morgan Private Bank in the UK, Ireland & Channel Islands, said: “Our journey in Scotland began over a century ago. Fast forward to today and the country has become a strategic hub for the firm with several lines of business represented including J.P. Morgan Private Bank.

“This rich local history, when combined with J.P. Morgan’s global resources will help us deliver unparalleled depth of expertise and capabilities.

“As we continue to deepen our roots across the country, our vision is clear: we are here to grow, to partner and to invest in the people and the communities that make Scotland so unique.”

Khayyam Jumani, team lead and senior client advisor for Scotland and Northern England, said: “I firmly believe that to truly understand our clients – from challenges they face to potential opportunities available to them – location and environment is key. Scotland has for some time now, been a fast-growing hub for innovation and tech start-ups, attracting global interest and investment. Our dedicated local team strengthens our ability to better serve our clients and businesses across the country.”

Karen De Villiers, managing director and Edinburgh site lead said: “Today’s news is a testament to our continued commitment to Scotland. Over the years, J.P. Morgan Chase has continued to invest in the local community, and we currently employ nearly 4,000 staff members across our Edinburgh and Glasgow offices.

“We are proud of the diverse footprint we have established and look forward to building our presence even further with our newly strengthened private banking team and looking ahead, with the launch of our new premises in Glasgow city centre in 2024.”

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Edmund Shing, PhD

Global Chief Investment Officer
BNP Paribas Wealth Management

Edmund has over 29 years of experience in financial markets in a wide variety of positions, ranging from proprietary trading to portfolio manager in a number of financial institutions in London and Paris.  He previously held the role of Global Head of Equity and Derivative Strategy at BNP Paribas in London from 2015 to 2020, and has been Chief Investment Officer at BNP Paribas Wealth Management since November 2020.

Edmund is responsible for piloting our investment strategy and will continues to rollout out recommendations and themes with actionable advice that brings our expertise to our clients and support to our client-facing teams.  In this time of change, his expertise in following and anticipating markets is a true value added for both our customers and those at Wealth Management who serve them.

Edmund has a PhD in Cognitive and Computing Science from the University of Birmingham in the United Kingdom, and has done advanced studies in Knowledge-Based Systems and in Experimental Psychology.  He is an EFFAS-certified financial analyst. He has also authored the book “The Idle Investor” published by Harriman House in 2015, proposing 3 simple investment strategies that take only a few minutes to execute per month.

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