JP Morgan names new private bank chief in Spain

New York-headquartered JP Morgan Private Bank has appointed Borja Astarloa as head of Private Banking in Spain.

Astarloa, who is based in Madrid, will be responsible for the firm’s management operations and will drive its business development strategy.

He succeeds Juan Soto, who decided to pursue new challenges outside the company, and will report to CEO of JP Morgan Private Bank EMEA, Pablo Garnica.

Formerly, Astarloa was chief investment officer of JP Morgan Private Bank Spain. Since 1996, he has held a number of positions within the firm, including roles in JP Morgan AM.

Pablo Garnica, CEO of JP Morgan Private Bank EMEA, said: “Borja’s deep understanding of the global capital market, extensive background in relationship management, business acumen and overall leadership, exemplifies the type of advisor that will lead our continuing efforts to deliver sophisticated, innovative advice to our clients in the region”.

ABOUT THE AUTHOR
Eugenia Jimenez
Eugenia Jiménez speaks Spanish and is Iberia Correspondent for Investment Europe covering Spain & Portugal, as well as assisting with coverage of Italy. She holds a UK NCTJ- accredited Multimedia News Reporting course and studied Journalism at the University of Sevilla. She has worked for local media organisations in Sevilla and Málaga, mainly in broadcasting as a news reporter, among other roles. She has also worked for a local newspaper in Sevilla, reporting on current affairs, local government and culture.

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