JP Morgan Private Bank has appointed Olivier de Givenchy as head of the US Western region - a newly created role - having previously held the post of private banking head for the UK and Nordics region.

JP Morgan has appointed Olivier de Givenchy as the head of the private bank in the Western region of the US - a newly created role - having previously held the post of private banking head for the UK and Nordics region at the same firm, as reported exclusively by sister publication WealthBriefing earlier today.

Based in Los Angeles, CA, de Givenchy will oversee the private banking business in Arizona, California, Colorado and Washington, and will report to John Duffy, chief executive of JP Morgan’s US Private Bank.

The news comes a few weeks after the firm added five new advisors to its private banking offices in Northern California, which the firm said it regards as a “dynamic and diversified economy.” Tom Catanese, Dennis Hearst, Andy Micallef, Katie Wert and Jesse Wood joined as vice presidents and private bankers, except Micallef who is a VP and investment specialist (view here).

“The US West Region represents a tremendous growth opportunity and investing in it with top talent is one of our key priorities” commented John Duffy. “Olivier has done an outstanding job of building JP Morgan’s UK private banking business into an industry leader, and I am confident that experience will serve him well as we work to become the best private bank in the West region.”

Faraj Saghri will become head of the private bank for the UK and Nordics, based in London, and will remain global coordinator for the private bank’s Financial Sponsor Group, which he founded. Saghri will report to Pablo Garnica, CEO of JP Morgan Private Bank EMEA, for his UK and Nordic responsibilities. Faraj has been with JP Morgan for more than 25 years.

JP Morgan Private Bank has client assets of $935 billion.