Behind the Money

JPMorgan’s internal feud over wealthy clients

There’s some internal turmoil at JPMorgan Chase over who should manage the bank’s wealthiest clients. At the centre of the infighting is a top financial adviser who’s managed the accounts of some big names, including retired baseball player-turned-entrepreneur Alex Rodriguez. The FT’s US banking editor Joshua Franklin walks us through what led to this years-long legal battle at one of the world’s biggest banks. - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading:<a href="https://www.ft.com/content/3a4f3808-19fc-4a6e-85b7-ea0df18f079b" rel="noopener noreferrer" target="_blank">Glitz and Gladwell: the infighting over prized JPMorgan wealth clients</a><a href="https://www.ft.com/content/a1d1dcbd-ccec-4212-ae53-38e3f5b71bd5" rel="noopener noreferrer" target="_blank">Baseball star Alex Rodriguez at centre of JPMorgan client poaching row</a><a href="https://www.ft.com/content/24d2a878-de66-4b12-bbbd-013446623452" rel="noopener noreferrer" target="_blank">Asset Management: Growth investors adapt to new paradigm</a><a href="https://bit.ly/ftusapodcast" rel="noopener noreferrer" target="_blank">Take our FT Podcast Listener Survey here</a>.  - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Joshua Franklin (<a href="https://twitter.com/FTJFranklin" rel="noopener noreferrer" target="_blank">@FTJFranklin</a>) and Michela Tindera (<a href="https://twitter.com/mtindera07" rel="noopener noreferrer" target="_blank">@mtindera07</a>)  <a href="https://www.ft.com/content/7847e1d8-bd5a-4258-baa7-e6214dacfac4" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

From hostile takeovers to C-suite intrigue, Behind the Money takes you inside the business and financial stories of the moment with reporting from Financial Times journalists around the world. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.