J.P Morgan adds bankers to expanding UK private wealth unit

The private wealth arm of J. P Morgan has appointed seven bankers to its British division, poaching five from rivals, as expansion plans continue apace under its new boss Tracey Reddings. Executive directors Richard Cockburn, James Drace-Francis and Stefano Ferraiolo join from Societe Generale, UBS and Credit Suisse respectively, J. P Morgan said on Monday.
Francesca Hall joins from Coutts, the private banking arm of Royal Bank of Scotland, as a vice president. Three of the appointments - executive director Aaron Georghiades and vice presidents Bambos Charalambous and Cliadhna Law - come from elsewhere in the bank. All seven will be based in London and report to Tracey Reddings, who joined the bank last year from Societe Generale as head of the UK private wealth unit. "The hires within our Private Wealth Management business in the United Kingdom highlight our commitment to the increasing number of high net worth clients in the region," Reddings said.