JPMorgan Chase has appointed David Frame as global CEO of its private bank, a newly developed role, as of early July. The private bank sector of JPMorgan Chase specifically serves high-net-worth individuals and families.
As clients utilize private banks to safeguard their wealth by distributing it globally, the minimum required balance is $10 million. The appointment of Frame and creation of his role comes alongside the momentum of global portfolio diversification. With trade relations facing tension, investors are increasingly interested in diversifying and spreading their assets across the world.
As global CEO of the private bank, Frame will lead the division with a focus on international investing advice, accessibility of private markets and navigation of global conflicts.
Frame has served as CEO of JPMorgan Chase’s U.S. Private Bank for nearly six years. Before this role, he served as CEO of U.S. Private Bank for J.P. Morgan Private Bank, as well as global
