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Don’t believe the hype: J.P. Morgan Private Bank talent outflows just “strategic attrition”

Mainstream media may have jumped on the J.P. Morgan Private Bank job loss bandwagon, but exits from the high net worth segment —  what one inside source has labelled “strategic attrition”—  highlight a much more critical industry-wide issue – that of the cost of servicing smaller accounts with expensive infrastructure. This publication first revealed that the exit of Edwin Lim, former…

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