JPMorgan discontinues private bank services for locals in Mexico

JPMorgan discontinues private bank services for locals in Mexico

Latin America Mexico Corporate & Sovereign Strategy Asset Management Capital Markets

JPMorgan's private banking division in Mexico is discontinuing wealth management services for its local onshore clients and suggesting they shift their money over to BBVA, a source told LatinFinance on Wednesday. The decision was related to a redirection of business strategy, a source with knowledge of the shift in business practices at JPMorgan’s Mexico Private Bank told LatinFinance. Onshore clients invest locally with a local advisor while the bank's global platform of products and services r

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