J.P. Morgan Expands Presence in the United Kingdom with Opening of Manchester Office

Photo by Viktor Forgacs

J.P. Morgan, a leading global financial services firm, announced a significant milestone today with the inauguration of its first-ever office in Manchester, solidifying its commitment to the United Kingdom. The new office will be led by seasoned advisor Khayyam Jumani and will offer wealth management advice and services to individuals, family offices, charities, and family foundations across Greater Manchester.

Oliver Gregson, Region Head of J.P. Morgan Private Bank in the UK, Ireland & Channel Islands, expressed enthusiasm about the firm’s entry into Manchester, stating, “It is an exciting time for our organization, and I’m delighted to embark on our journey in Manchester. Since the days of the Industrial Revolution, Manchester has played a leading role in shaping the UK economy. Today, the ten boroughs of Greater Manchester represent tens of thousands of enterprises in leading sectors like advanced manufacturing, digital and technology, life sciences and healthcare.”

The decision to establish an office in Manchester reflects J.P. Morgan’s recognition of the region’s economic significance and its commitment to providing dedicated resources and expertise to clients in the area. The new office, combined with J.P. Morgan’s global resources, aims to deliver unparalleled depth of knowledge and capabilities to clients across Greater Manchester.

Khayyam Jumani, who will lead the team at the Manchester office, brings extensive experience in corporate banking, lending, and global investments from his 12-year career at J.P. Morgan. Having joined the Private Bank in 2013, Jumani played a crucial role in establishing J.P. Morgan’s presence in the region. He emphasized the importance of location in understanding clients’ needs and stated, “As Greater Manchester has become a critically important hub for innovation, entrepreneurship, and creativity, it was important for us to expand our physical footprint and act as a catalyst for entrepreneurial growth.”

The opening of J.P. Morgan’s office in Manchester is seen as a significant boost to the city’s financial services sector, which is already the largest outside of London. The move has garnered praise from local officials, including Andy Burnham, Mayor of Greater Manchester, who remarked, “The opening of J.P. Morgan Private Bank’s first office in Manchester is a further boost for the sector, bringing another global brand into the city centre.”

Manchester’s appeal as an investment destination for financial organizations has been well-recognized, thanks to its robust fintech ecosystem and talented workforce. Joe Manning, Managing Director at MIDAS, Manchester’s Inward Investment Agency, expressed excitement about J.P. Morgan’s arrival, stating, “J.P. Morgan’s new base in Greater Manchester adds even further weight to this proposition.”

J.P. Morgan’s presence in the UK dates back to the mid-nineteenth century, and the firm’s commitment to the region has remained steadfast throughout various economic cycles. The company’s offices in London, Manchester, Bournemouth, Glasgow, and Edinburgh serve as strategic hubs for its operations, catering to the diverse needs of clients across the UK, Ireland, and the Channel Islands.

With recent initiatives such as the launch of the digital retail bank Chase and investments in leading digital wealth manager Nutmeg and Global Shares, J.P. Morgan continues to strengthen its position as the preferred advisor for millions of individuals and families in the region. The firm’s comprehensive suite of services, including its Investment Bank, Private Bank, Commercial Bank, and retail bank Chase, positions it to meet clients’ evolving needs throughout their lifetimes.

JPMorgan Chase & Co. remains committed to delivering exceptional value to its clients in the UK, leveraging its global reach, diversification, and scale to navigate changing market conditions and foster long-lasting partnerships.

Explore more topics
Author
Prolific News
Related news stories
Advertisement