The American bank's wealth management arm is expanding is Switzerland with the hire of a well-known lawyer to the super-rich.
The New York-based bank is hiring Marie-Thérèse Yates as a senior wealth advisor at its Swiss private bank, J.P. Morgan said in an emailed statement on Monday. The French-born lawyer will help advise super-rich families, particularly on transferring their money and family businesses to the next generation, the bank said.
Yates spent the past year running a family office in Switzerland, and previously ten years at Baker McKenzie in Zurich, where she was a partner and head of wealth management and U.S. tax matters.
Her hire is a coup for Matteo Gianini, J.P. Morgan's head of Swiss private banking. Last year, Gianini poached Remo Demostene, a long-standing UBS private banker, in Zurich.
