J.P. Morgan Securities landed a former Merrill Lynch team that oversaw roughly $1.1 billion and generated production in excess of $4 million, making it the firm’s biggest hire of 2020.
The Campbell Group, led by Gwen Campbell, joined J.P. Morgan Securities on Oct. 21 in San Francisco. Moving with her are fellow team members Derek Popp, Brian Mascatello and Timothy Cahyadi.
Campbell is a
Of her move to J.P. Morgan, Campbell said in a statement that the company “offers the resources my clients deserve and unique career opportunities not available at other firms to my team.”
Chris Harvey, CEO of J.P. Morgan Securities, said the new recruits underline the firm’s commitment “to keep investing in the Bay Area.”
A Merrill Lynch spokeswoman confirmed Campbell's departure.
JPMorgan Chase is striving to expand its wealth management business, according to the firm. Its operations include J.P. Morgan Securities, which caters to wealthy clients, a robo advisor and bank-based brokers.
Last year, the bank appointed Kristin Lemkau to oversee the reorganized wealth management unit. She has since
Wealth management represents “tremendous opportunity” for JPMorgan, Lemkau said Oct. 19 at the virtual SIFMA conference.
The bank plans to invest and grow the business, seeing it as a natural expansion opportunity. “If you think about what clients need, they need to plan, invest, bank and borrow. JPMorgan is already a leader in all four things,” she said.
