JPMorgan Boosts Global Wealth Bet With Citi, Credit Suisse Hires

JPMorgan Chase & Co. recruited Citigroup Inc. and Credit Suisse Group AG executives for its private bank, bolstering an effort to win more ultra-rich clients.

Ghadeer Yusuf and Yazeed Alsubeaei joined JPMorgan’s wealth unit this month in Geneva from the US bank and Swiss lender, respectively, to focus on super-rich individuals and families in the Gulf region, according to a statement Monday from the New York-based firm.

Ghadeer Yusuf

Source: JPMorgan Chase & Co.

JPMorgan is boosting its private-banking offerings outside of the US as part of a strategy to increase share globally under longtime asset- and wealth-management head Mary Erdoes, who led the business ...