JPMorgan Builds Unit for World’s Richest Families in Wealth Bet
- 23 Wall focuses on 700 families worth more than $4.5 trillion
- Andy Cohen leads the unit with offices in US, Europe and Asia
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JPMorgan Chase & Co. has quietly built a global unit focused on catering to the ultra-wealthy and their investment firms as it looks to expand services to the world’s super-rich.
Created just before the pandemic and led by JPMorgan veteran Andy Cohen, the business 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.