Julie Harris, who oversees operations for JPMorgan Chase’s asset and wealth management (AWM) division, plans to retire in early 2027, according to an internal memo shared with Private Banker International.
During Harris’ time in the role, the bank’s asset and wealth management business expanded to more than $8tn in client assets under supervision, from about $2tn, AWM CEO Mary Callahan Erdoes said in the memo.
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Harris also holds the position of chief administrative officer within the division.
“Julie has been one of the most influential leaders in AWM’s transformation over the last decade, driven by a relentless pursuit of operational excellence. Since joining the firm in 2017, she has challenged us to rethink legacy ways of working, championed smarter and more scalable solutions, and coined the term “no-joy work,” a phrase now recognised across the industry for tasks that are necessary but can be accomplished in smarter, faster ways,” noted Erdoes.
The bank has appointed Fred Crosnier to take over leadership of AWM operations from 1 January. Crosnier will report to Erdoes.
A replacement for Crosnier in the asset management operations position will be named later.
Crosnier started his career with JPMorgan in France and rejoined the bank in 2019 after senior roles elsewhere in financial services.
His latest post was deputy head of AWM operations.
In the new role, Crosnier will continue to support the firm’s “strategic priorities” and speed up “modernisation” efforts, the memo read.
Separately, in March, J.P. Morgan Asset Management named Stephanie Davis as head of Private Wealth Alternatives, focusing on support for financial advisors throughout the US.
The same month, the bank hired former Goldman Sachs executive Yi Zhang to serve as co-head of its China investment banking operations, Reuters reported citing an internal memo.
