J.P. Morgan Securities Taps New Regional Manager in New York
J.P. Morgan Securities has named a 20-year veteran from its parent bank as its New York regional director of its retail brokerage group overseeing a “flagship” New York office on Park Avenue, the firm announced Monday.
James Lansing, who has worked on the corporate strategy team at JPMorgan Chase & Co. since 2014, has shifted to the wealth unit to help it recruit and grow in New York, according to the release. He reports to Chris Harvey, chief executive of J.P. Morgan Securities, the legacy Bear, Stearns brokerage business which has between 450 and 500 advisors in 19 offices around the country.
Lansing replaces Michael S. Lee, who left in March to join San Francisco-based First Republic after more than 10 years at J.P. Morgan. Lee had overseen the New York branch as well as a number of satellite offices in the Northeast and Florida. JPMorgan did not specify whether Lansing’s territory will include offices outside of its Park Avenue branch.
“This is an opportunity to further bring together the best from across the global firm with the personalized approach our advisors offer their clients,” Lansing said in a prepared statement. “This region is fully focused on growth and opportunity for our clients and for the advisor teams who serve them.”
Neither Lansing nor Harvey were available for comment, according to a JPMorgan spokeswoman.
J.P. Morgan Securities has been revving up its hiring of wirehouse advisors at a rate that has garnered attention from competitors. It hired a UBS team with $8 million last month to open a new Washington D.C. office.
In his most recent role, Lansing spearheaded a JPMorgan Chase operating committee program to “improve innovation and efficiency,” according to the announcement.
Lansing started in the securities industry in 1988 with Merrill Lynch in fixed income sales and moved to JPMorgan in 1998. He has held roles in product sales, credit origination and debt capital markets for the investment bank’s public finance team, and he was head of “corporate transformation,” according to his LinkedIn profilee.