J.P. Morgan Private Bank Appoints David Frame as Global CEO

July 3, 2025 – New York, NY – David Frame has been appointed Global Chief Executive Officer of J.P. Morgan Private Bank, effective immediately. With a distinguished career spanning over two decades at J.P. Morgan, Frame brings a wealth of experience and leadership to his new role.

“David’s global acumen and strategic vision will be instrumental in elevating the Global Private Bank to new heights,” said Mary Callahan Erdoes, Chief Executive Officer of J.P. Morgan Asset & Wealth Management. “He will focus on further enhancing our U.S. and international private banking businesses, platform and services as our clients expand their reach across continents and generations.”

As Global CEO, Frame will expand his responsibilities to include leadership of the Private Bank businesses globally, in addition to his current role as U.S. Private Bank CEO. He will continue to report to Erdoes.

“As I step into the role of Global CEO, I am energized by the opportunity to connect with our teams and clients worldwide. Our journey is one of collaboration, innovation, and growth, and we are poised to leverage our knowledge and resources to deliver exceptional financial solutions to our clients, ensuring that J.P. Morgan Private Bank remains at the forefront of the industry,” said Frame. “Together, we will continue to redefine excellence in private banking.”

“We are marking a significant moment for our Private Bank's international expansion,” said Adam Tejpaul, Chief Executive Officer of J.P. Morgan’s International Private Bank. “Through our expansive, global platform and fortress balance sheet, we’re elevating the power of J.P. Morgan's capabilities to provide clients with more innovative, bespoke investment solutions and strategic opportunities in diverse markets worldwide.”

Prior to assuming the role of Global CEO, Frame was responsible for driving remarkable growth and innovation as the CEO of J.P. Morgan's U.S. Private Bank, overseeing more than $1.16TN in client assets. Additionally, he has demonstrated exceptional strategic leadership in his previous roles, developing and delivering tailored financial solutions on a global scale as Global Head of Client Advice and Strategy for Wealth Management, Global Head of Capital Markets Solutions, and through leadership positions on Institutional Equity Trading desks in New York and London.

Martin Marron, Wealth Management Solutions CEO, and Andrew L. Cohen, Global Private Bank Executive Chairman and Head of 23 Wall, will continue to report to Erdoes.

J.P. Morgan Private Bank plays a vital role within the broader Asset & Wealth Management business, led by Erdoes, serving as a cornerstone for delivering tailored financial solutions to high-net-worth individuals and families. With a focus on personalized service and strategic investment advice, the Private Bank contributes significantly to its reputation for excellence and innovation. As part of a global powerhouse, J.P. Morgan’s Asset & Wealth Management business manages over $6 trillion in assets, underscoring its leadership in the financial industry and its ability to navigate complex market landscapes. The Private Bank's expertise in wealth management not only drives growth but also strengthens the firm's ability to offer comprehensive solutions that meet the diverse needs of clients globally.

About J.P. Morgan Private Bank

J.P. Morgan Private Bank provides customized financial advice to help wealthy clients and their families achieve their goals through an elevated experience. Clients of the Private Bank work with dedicated teams of specialists that bring their investments and financial assets together into one comprehensive strategy, leveraging the global resources of J.P. Morgan across planning, investing, lending, banking, philanthropy, family office management, fiduciary services, special advisory services and more. The Private Bank oversees more than $2.9 trillion in client assets globally (as of 3/31/2025). More information about J.P. Morgan Private Bank is available at privatebank.jpmorgan.com.