Created just before the pandemic, the unit is called 23 Wall, and is led by JPMorgan veteran Andy Cohen. It focuses on about 700 families worth more than $4.5t, according to Cohen, and now includes about three dozen people in the US, Asia and Europe and works closely with the New York-based firm’s investment and private banks.
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JPMorgan builds unit for world’s richest families in wealth bet
“We built this from the ground up,” Cohen, 56, executive chairman of JPMorgan Global Wealth Management, said in an interview from the company’s London office. “We will continue to grow.”
