JPMorgan AWM operations head Julie Harris to retire in 2027 – report
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 seen by Reuters.
The bank has appointed Fred Crosnier to take over leadership of AWM operations from 1 January.
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He will report to AWM CEO Mary Callahan Erdoes.
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.
“Julie has been one of the most influential leaders in AWM’s transformation over the last decade. Since joining the firm in 2017, she has challenged us to rethink legacy ways of working, championed smarter and more scalable solutions,” Erdoes said in the memo.
Harris joined JPMorgan in 2017 and also holds the position of chief administrative officer within the division.
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.
JPMorgan said it would name a replacement for Crosnier in the asset management operations position later.
Separately, Wells Fargo is stepping up its hiring of financial advisers after a five-year overhaul of its wealth management unit, Bloomberg reported.
The current push is focused on independent advisers, who are not salaried by the bank but use its platform.
In a statement to Private Banker International at the time, Wells Fargo Advisors head Sol Gindi said: “Wells Fargo Wealth & Investment Management continues to attract high-quality advisor talent across markets throughout the United States. Our multichannel model gives advisors the flexibility to choose the business structure that best aligns with how they wish to run their practice and support clients’ needs.
“For those serving high-net-worth and ultra-high-net-worth clients, our integrated Private Wealth offering provides specialised planning, investment, trust, and banking solutions designed to serve even the most complex clients.”
