In his new role, Reuben Rashty will lead the statewide private banking operation in JP Morgan, which has four offices in Michigan including one in Grand Rapids.
Rashty will report to Doug Regan, Midwest Regional head for JP Morgan Private Bank.
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Rashty will manage the team that offers deposit, credit, fiduciary and philanthropic services, along with advice on investments, to high-net-worth clients.
Prior to this position, Rashty had worked as a senior banker in Chase’s Private Bank, before which he had headed the private banking operation for Israel Discount Bank in New York City.
Commenting on the appointment, Regan said: "With the rebounding of the Michigan economy and growth in high net worth individuals and families, we see good growth potential in the state. Reuben’s extensive banking experience and solid leadership skills will benefit our business as well as our clients in Michigan."
