J.P. Morgan Named Best Global Private Bank

LONDON, Feb. 5, 2015 /PRNewswire/ -- J.P. Morgan has been named the world's "Best Global Private Bank" in Euromoney's 12th annual survey of the global private banking industry.  

The survey is based on a peer review of private banking competitors and industry players from nearly 500 institutions in 70 countries, as well as company factors including assets under management, profitability, the ratio of clients to relationship managers and range of services offered.

Commenting on the award, Phil Di Iorio, CEO of J.P. Morgan Private Bank said: "It is an honor to receive this recognition from Euromoney. This award is not only a testament to our employees' commitment to our clients; it further reinforces the strength of our franchise and our global footprint."

In addition, Di Iorio was the recipient of Euromoney's inaugural award for the Best Global Private Bank CEO. Di Iorio joined J.P. Morgan nearly 30 years ago, and, among his accomplishments, has been instrumental in the build out of the Private Bank's brokerage, global capital markets solutions and advisory capabilities, which now include more than 1,000 professionals dedicated to looking for investment opportunities and delivering ideas to clients.

Additional regional and country awards for J.P. Morgan include Best Private Bank in the United States – Overall and Best Private Bank in Latin America – Overall. In the Ultra High Net Worth segment, J.P. Morgan was recognized as the top private bank in France, Italy, Spain, Argentina, Mexico, Peru, Thailand and the United Kingdom.

J.P. Morgan Private Bank has $1.1 trillion in client assets, operates in 35 countries, and specializes in risk-adjusted portfolio construction, thematic trading and alternative investment opportunities, trust and estate planning, banking services and lending/balance sheet advisory.

The complete editorial coverage from Euromoney's Private Banking Survey is available on www.euromoney.com/privatebanking.

About J.P. Morgan Private Bank

J.P. Morgan is a global leader in financial services to corporations, governments, for-profit and not-for-profit institutions and wealthy individuals.  Through its private banking franchise, the firm delivers customized wealth management advice and solutions to wealthy individuals and their families, leveraging its broad capabilities in investing, tax and estate planning, family office management, philanthropy, credit, fiduciary services and special advisory services to help its clients advance toward their own particular goals. For more than 150 years, the Private Bank's comprehensive and integrated product offering, commitment to innovation and integrity, and focus on placing the interests of its clients first and foremost have made J.P. Morgan an advisor of choice to people of significant wealth around the world.

J.P. Morgan Private Bank is a marketing name for the private banking business conducted by JPMorgan Chase & Co. and its subsidiaries worldwide.

SOURCE J.P. Morgan