JPMorgan Private Bank hires $2B high-net-worth advisor team from rival

JPMorgan Private Bank hires $2B high-net-worth advisor team from rival
Three advisors boost the firm's reach in the Pacific Northwest.
SEP 22, 2023

An advisor team has jumped ship from Citi Private Bank to J.P. Morgan Private Bank, having overseen more than $2 billion in client assets.

The trio — Olive Goh, James Harding, and Jorge Valcarcel — has more than six decades of combined experience and will report to Tim Howell, managing director and Seattle market manager for J.P. Morgan Private Bank.

Goh and Harding join the firm as executive directors and bankers, serving high-net-worth and ultra-high-net-worth clients. Harding has specialty in founders and entrepreneurs. Valcarcel joins as executive director and investment specialist.  

The advisors are based in Seattle, Washington.

"The Pacific Northwest remains an important region for the Private Bank, and in Seattle we continue to see opportunities for our team to grow," said David Frame, chief executive of J.P. Morgan U.S. Private Bank. "We are committed to hiring client-focused advisors, who are attracted to the firm by our strong brand reputation, breadth of our platform, and depth of our global resources."

Olivier de Givenchy, managing director and region head of the West for J.P. Morgan Private Bank, added that the addition of the advisor team aligns with the firm’s growth over the past five years.

"Our entrepreneurial spirit gives advisors the ability to drive and grow their business, and as a result we have seen continued growth throughout the West region, including Puget Sound,” he said. “We are excited to see Olive, James, and Jorge grow their careers while offering clients advice as they navigate complex financial decisions.”

Latest News

SEC bars ex-broker who sold clients phony private equity fund
SEC bars ex-broker who sold clients phony private equity fund

Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

The key to attracting and retaining the next generation of advisors? Client-focused training
The key to attracting and retaining the next generation of advisors? Client-focused training

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

Chuck Roberts, ex-star at Stifel, barred from the securities industry
Chuck Roberts, ex-star at Stifel, barred from the securities industry

"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.

SEC to weigh ‘innovation exception’ tied to crypto, Atkins says
SEC to weigh ‘innovation exception’ tied to crypto, Atkins says

Chair also praised the passage of stablecoin legislation this week.

Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest
Brooklyn-based Maridea snaps up former LPL affiliate to expand in the Midwest

Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.