The American giant is tapping three bankers from UBS, in a bid to build its offshore wealth management for super-rich Russians.
New York-based J.P. Morgan is poaching three Russia private bankers from UBS, led by Stefan Reutter (pictured below), who is currently a regional vice-chairman for ultra-high net worth clients in Europe, the Middle East, and Africa, according to a memo seen by finews.com. Reutter's mandate includes an aggressive growth strategy to win market share, the memo noted.
In his nine years at UBS, Reutter looked after major Russian clients in Switzerland, the U.K, Singapore, and Monaco. Previously he was an equity partner and head of corporate finance at Deloitte, and an equity partner and head of mergers and acquisitions at KPMG in Russia.
Vom Family Office zur Grossbank
Along with Reutter, J.P. Morgan snagged Nikolay Vlasikhin (pictured below), from UBS, where he has been a family office senior advisor for ultra-high net worth clients in Central and Eastern Europe for the past seven years. Previously Vlasikhin was with Deutsche Bank in Moscow and led a single-family office before that.
J.P. Morgan also won Alexander Samorokov (pictured below), another UBS family office banker devoted to super-rich Russian clients. Samorokov previously worked for France's BNP Paribas and KPMG.
