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March 7, 2012updated 04 Apr 2017 3:42pm

JP Morgan launches EMEA Family Office Team

Morgan has announced the launch of the JP Morgan Family Offices Solutions Team in Europe, Middle East and Africa, to provide customized services to family offices in the region. Dwek said the group will offer a range of customized services, including tailored investment strategies, wealth planning, advice on family governance, philanthropic initiatives, and succession planning throughout the family office life cycle.

By Thomas McMahon

J.P. Morgan has announced the launch of the JP Morgan Family Offices Solutions Team in Europe, Middle East and Africa, to provide customized services to family offices in the region.

Samy Dwek will lead the group, which will focus on single family offices with a net worth of over $500m.

Dwek said the group will offer a range of customized services, including tailored investment strategies, wealth planning, advice on family governance, philanthropic initiatives, and succession planning throughout the family office life cycle.

The team will also arrange exclusive events that will allow family offices from throughout the region to network and engage in conversations with influential leaders and experts.

Private Banking Trend

J.P. Morgan joins other major private banks with a specialist group providing services to external family offices.

In 2010 HSBC formed a Family Office Partners Service also aimed at clients with $500m net in assets.

Citi then established a Global Family Office Group open to external clients, offering services to clients with $25m or more in net assets.

UBS and Credit Suisse also set up family office hubs that year, following on Merrill Lynch’s 2007 launch of its specialist family office unit.

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