JPMorgan Chase to Buy UK Digital Wealth Manager Nutmeg
17 June 2021 - 10:17PM
Dow Jones News
By Jaime Llinares Taboada
Nutmeg Saving and Investment Ltd. said Thursday that it is being
acquired by JPMorgan Chase & Co.
The U.K. digital wealth manager said the transaction will be
completed later in the year.
Nutmeg will form the bedrock of JPMorgan Chase's retail digital
wealth management offering internationally over the long term,
complementing the launch of Chase as a digital bank in the U.K.
later in 2021, the company said.
"We are building Chase in the U.K. from scratch using the very
latest technology and putting the customer's experience at the
heart of our offering, principles that Nutmeg shares with us," said
Sanoke Viswanathan, Chief Executive of International Consumer at
JPMorgan Chase.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
June 17, 2021 08:14 ET (12:14 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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