Wealth and Asset Management
Don't believe the hype: J.P. Morgan Private Bank talent outfows just "strategic attrition"
Mainstream media may have jumped on the J.P. Morgan Private Bank job loss bandwagon, but exits from the high net worth segment — What one inside source has labelled “strategic attrition”— highlight a much more critical industry-wide issue – that of the cost of servicing smaller accounts with expensive infrastructure.
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