J.P. Morgan today announced a significant milestone for the firm in the United Kingdom with the opening of its first-ever office in Manchester. Veteran advisor Khayyam Jumani will lead a team of private banking professionals providing wealth management advice and services to individuals, family offices, charities and family foundations across Greater Manchester.
“It is an exciting time for our organisation, and I’m delighted to embark on our journey in Manchester,” said Oliver Gregson, Region Head of J.P. Morgan Private Bank in the UK, Ireland & Channel Islands. “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. It is for these reasons and many more that I’m delighted to bring a dedicated team and hub of resources under one roof in Manchester, which, when combined with J.P. Morgan’s global resources, will deliver unparalleled depth of expertise, knowledge and capabilities for clients across the region.”
With a career at J.P. Morgan that spans 12 years, UK North Team leader Khayyam Jumani has robust experience across corporate banking, lending and global investments. Jumani joined the Private Bank in 2013 and has served clients across the UK for several years, playing an essential part in establishing J.P. Morgan’s presence in the area. Prior to joining the Private Bank, Jumani initially joined JPMorgan Chase as part of the Corporate Bank Strategy Team. During this time, he assisted with the expansion of the Corporate Bank in Saudi Arabia and Turkey. Prior to joining J.P. Morgan, Jumani worked as a Management Consultant for Logica Consulting.
“Location plays a big role in understanding the environment in which our clients operate and the unique challenges they face,” Jumani said. “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 by empowering business leaders, individuals and families through our advice, resources, solutions and global reach.”
“Greater Manchester’s financial services sector is the largest in the UK outside of London, with the country’s largest regional fintech ecosystem,” said Andy Burnham, Mayor of Greater Manchester. “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. Beyond creating jobs and stimulating investment, this decision is a tremendous vote of confidence in the strength of the wider city-region’s economy.”
“We’re delighted to welcome J.P. Morgan to Greater Manchester and look forward to supporting the team in fostering deeper relationships across business and local communities, said Joe Manning, Managing Director at MIDAS, Manchester’s Inward Investment Agency. “The opportunity for investment for financial organisations here is globally recognised and continues to flourish due to the expert tech talent and ambitious innovation across the city-region. J.P. Morgan’s new base in Greater Manchester adds even further weight to this proposition.”
While J.P. Morgan is a leading global financial services firm, the company’s UK heritage extends back to the middle of the nineteenth century. In 1854 London, J. Pierpont Morgan’s father, Junius, built a merchant banking business eventually becoming J.S. Morgan & Co – one of the most successful Private Banks in London by 1864. The firm’s uninterrupted presence in the UK since then demonstrates a commitment and leadership to the region during times of both economic growth and financial instability.
Today, the firm has offices in London, Manchester, Bournemouth, Glasgow and Edinburgh. With exciting initiatives like the launch of the new digital retail bank Chase, critical investments in Europe’s leading digital wealth manager Nutmeg and Global Shares – one of the best employee share plan providers with recently launched offices in Leeds and Bristol – J.P. Morgan has become the advisor of choice for millions of individuals and families across the UK, Ireland & Channel Islands.
JPMorgan Chase & Co. serves clients across the UK through its Investment Bank, Private Bank, Commercial Bank and retail bank Chase. Being global, complete, diversified and at scale enables us to meet our client needs across the spectrum and through cycles while strengthening these relationships through firmwide partnerships to deliver all of JPMorgan Chase in the U.K. to our clients throughout their lifetimes.
