Molowny will be based in Madrid and will report to the head of JP Morgan Private Bank in Spain, Juan Manuel Soto.
The move denotes JP Morgan Private Bank’s commitment of further expansions into Spain.
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Previously, Molowny was the branch manager of Merrill Lynch in Spain and Portugal. Before that, he was the senior associate of the financial and tax law department in law firm Cuatrecasas and senior associate in the international tax planning department in law firm Baker & McKenzie.
JP Morgan Private Bank currently has US$830 billion in AUM.
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