JPMorgan is revamping its bank for the superrich to cater to global clientele

David Frame has been named global head of JPMorgan’s private bank. (Image: JPMorgan Chase)

Fri, 04 Jul 2025

By Alexander Saeedy JPMorgan Chase is reorganising its private bank to better serve the world’s richest people, who want to safeguard their wealth by spreading it around the globe.With a minimum required balance of $10 million (NZ$16.48m), JPMorgan’s white-glove bank for the superrich is one of the preferred places for the world’s elite to store their wealth. These customers are demanding that JPMorgan invest more of their money abroad, not just in the country where they spend the bulk of their time. Growing con...

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