JPMorgan Private Bank says it has lured back two experienced financial advisors from Citi Private Bank.
Amy Welzer, Jennifer Jones and Steven Hoffmann have joined JPMorgan in Chicago and will report to Neal Gram, managing director, Chicago market manager, according to the firm.
Welzer began her industry career with JPMorgan Securities in 1993 and left for Citigroup in 2013, according to BrokerCheck.
Jones also started her career in the industry with JPMorgan, in 2010, and likewise left for Citigroup in 2013, according to her BrokerCheck profile.
Hoffmann first joined the industry in 2017, registering with Citigroup, according to BrokerCheck.
The advisors collectively had more than $2 billion at Citi, JPMorgan says.
"I had the great fortune of working with Amy and Jennifer during their time at JPMorgan and have seen first-hand the value and expertise they can offer to our clients and teams," Gram said in the announcement. "I am thrilled to welcome them back to the firm and look forward to the positive impact the entire team will have in helping clients achieve their most important financial goals."
JPMorgan also says that it added Jaime Freeman in as managing director and market team lead in Winnetka, Illinois. Freeman has over 16 years of experience in the industry and joins from BMO Wealth Management, where she was a managing director, according to JPMorgan.
The company adds that it plans to hire up to 75 advisors in the Chicago region over the next five years. The firm has brought on 60 advisors in the area from the beginning of 2021 through the start of June 2022, according to JPMorgan.
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