JPMorgan Appoints New Retail Brokerage Head
Chris Harvey takes over as chief executive of JPMorgan Securities, Reuters reports.
Harvey previously headed Latin America Private Bank at JPMorgan Chase, the parent company of JPMorgan Securities, the bank tells the newswire. He takes over from Greg Quental, who’s retiring at the end of 2017, and will oversee overall strategy and division growth, says Reuters.
Harvey inherits a retail brokerage with $110 billion in assets managed by around 420 financial advisors, according to Reuters.
In 2012, however, his predecessor told the newswire that he hoped to grow the firm to 650 advisors by 2016. JPMorgan Chase declined comment to the newswire.
Other large firms have made executive changes this month. UBS appointed Alejandro Velez to lead its Latin American wealth-management unit, replacing Alexander van Tienhoven, who purportedly left the firm for personal reasons. And LPL named Jim Putnam chairman of its board, replacing Mark Casady after 14 years at the helm of the independent-broker dealer.