JP Morgan to double Swiss private banking business by 2030

JP Morgan has doubled the growth of its Swiss private banking between 2020 and 2024 and set a target to repeat this expansion by 2030, reported Reuters. The US investment bank aims to achieve this target by focusing on Switzerland’s wealthiest individuals, a senior executive of the company told the news agency. JP Morgan managed $55.6bn in Swiss private banking assets at the end of last year, with a significant portion sourced from domestic clients. In recent years, the company’s assets under management ...