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J.P. Morgan Names Nelle Miller and William Sinclair as Co-CEOs of US Private Bank
Developing
In Short: J.P. Morgan has appointed Nelle Miller and William Sinclair as co-CEOs of its US Private Bank, a division that manages over $2.4 trillion in assets.
J.P. Morgan has appointed Nelle Miller and William Sinclair as co-CEOs of its US Private Bank, a division that manages over $2.4 trillion in total client assets and operates from 57 offices nationwide, according to the bank's website.
Miller and Sinclair stated in a joint statement that they are honored to lead the team that deeply understands their clients, having spent their careers alongside them through various market cycles and family milestones.
Miller, who also serves on the Asset & Wealth Management Operating Committee and chairs the Advisory Council for the New York City Market Leadership Team, has been a key figure in the Global Investment Opportunities team since its inception in 2002.
Sinclair, who joined J.P. Morgan in 2007, is the global co-head of the Family Office Practice and a member of the U.S. Private Bank Operating Committee, bringing extensive experience in working with business leaders, hedge fund managers, and other high-net-worth individuals.
Both leaders are recognized for their dedication to mentoring young women across the firm and their commitment to serving the firm's largest families and most complex clients, according to their biographies on the J.P. Morgan website.
Miller and Sinclair's leadership is expected to bring the global scale of the Private Bank to families and markets across the U.S., as they take on the responsibility of leading the specialized wealth management division.
Background
Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income or substantial assets. Private banking is presented by those who provide such services as an exclusive subset of wealth management services, provided to particularly affluent clients.
What's still developing
- Morgan in 2002 on the Institutional Equities Desk, where she covered New York-based hedge funds and mutual funds as a research salesperson.
- "Nelle continues to personally advise some of New York's most prominent families," her biography on the J.P.