JPMorgan Chase (JPM) on Monday launched a new advisory unit for top-tier clients to expand beyond traditional M&A and financing advice.
Through the bank’s new Special Advisory Services group, clients will have access to the firm’s expertise in artificial intelligence, cybersecurity, digital assets, geopolitics, healthcare, supply chain, and sustainability, among other areas of advisory services.
Eligible clients include those with deep and long-term relationships with JPMorgan (JPM), including, for example, companies weighing JPM as their lead initial-public-offering advisor. Liz Myers, global chair of Investment Banking, will head the new group.
“Clients are facing unprecedented change, uncertainty, and opportunity,” said Filippo Gori, co-head of Global Banking at JPMorgan. “It’s more important than ever that they are aware of the breadth and depth of J.P. Morgan’s advisory capabilities.”
JPMorgan (JPM) shares gained 3% in late morning trading, amid a broader risk-on session.