JP Morgan has doubled Swiss private banking growth from 2020 to 2024, with plans to repeat this by 2030. Assets reached $55.6bn in 2024, 15% annual growth. Focus on wealthy Swiss individuals, cybersecurity, and technology investment of $18bn yearly. Staff increase by 30%, aiming to be the premier international bank in Switzerland.

Client assets at JP Morgan surged by nearly 20% in 2025, with over half from net new money. The bank expanded in Zurich and Geneva, increasing staff by 30% this year. JP Morgan aims to double Swiss private banking business by 2030, focusing on ultra-high-net-worth clients and technology investment.

JP Morgan Private Bank released a 2026 Global Investment Outlook, highlighting AI’s impact on industry transformation, cost reduction, and productivity growth. The report, titled “Promise and Pressure,” discusses the effects of AI, global fragmentation, and inflation on investment strategies.

Last month, JP Morgan Private Bank released the 2026 Global Investment Outlook, emphasizing the role of AI in industry transformation and productivity growth. The report, titled “Promise and Pressure,” explores the effects of AI, global fragmentation, and inflation on investment strategies.

Read more at Yahoo Finance: JP Morgan to double Swiss private banking business by 2030