J.P. Morgan picked up more than a dozen new advisors with a combined $2.5 billion in AUM, to fuel a nationwide expansion of its wealth management business.
Fourteen recruits were plucked away from wirehouses and other competitors to help J.P. Morgan grow business in a half dozen markets across the country, says Greg Quental, Chief Executive Officer of J.P. Morgan Securities, in a statement released by the firm.
Attracting and retaining top talent in cities across the country is a key focus for J.P. Morgan, and we are confident that the addition of these 14 seasoned professionals will grow each office substantially," Quental explains.
Coming from Morgan Stanley is Bruce Ledoux, who was stationed at J.P. Morgan's Boston office. He reports to regional director Rick Penafiel. Ledoux's previous experience includes stints at Merrill Lynch and Prudential Securities.
Another recruit from Morgan, Evan Schottenstein, joins J.P. Morgan in New York. He reports to regional director Michael Lee. A recruit from Credit Suisse, John Delehanty, also joins the New York office, and is reporting to Lee as well.
A second Credit Suisse recruit, David Starker, joins J.P. Morgan's White Plains, N.Y., office, where he reports to regional director Michael Maron.
Matthew Kutcher and Bryan DeFrances, also from Credit Suisse, join J.P. Morgan's Palm Beach office. Also in Palm Beach are former Deutsche Bank advisors Roy Apple, Anthony Rizzo, Jeremy Schneider and Kevin Gai. All the new recruits in Palm Beach report to Penafiel, the same regional director from Boston.
From Wells Fargo comes Antonio Fontana, Patrick Burke and Clarence Seese. The three, working together at Wells since 2008, joined J.P. Morgan's Los Angeles office. They report to regional director Bob Martensen. Their job history includes stints at Smith Barney, Merrill Lynch, Morgan Stanley and Dean Witter.
A recruit from Credit Suisse, Shawn Stanley, joins J.P. Morgan in Dallas. There he reports to regional director Mark Rhodes. Previously, Stanley had worked for Neuberger Berman for five years and Sanford Bernstein for seven.
J.P. Morgan's wealth management business is based in New York, and has 19 locations throughout the U.S.
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