Latest news with #DavidFrame
Scoop
13-07-2025
- Climate
- Scoop
Extreme Weather Underscores Urgent Need For Collective Effort Ahead Of World's Premier Climate Adaptation Event
As the Northern Hemisphere experiences another major heatwave, and other parts of the world grapple with extreme weather events, experts are calling for the urgent acceleration of adaptation efforts to help manage the life-threatening impacts of a rapidly changing climate. Among them is Professor David Frame of the University of Canterbury, who said planning for adaptation must become a crucial part of life in the 21st century to help prepare for, and mitigate, some of the risks the world is facing. 'Climate change is amplifying many extreme events across the globe, which is why Northern Hemisphere summers have become punctuated with headlines about heatwaves, wildfires and drought.' 'As the climate continues to change, our extremes will too. This is why it's vital that communities do whatever they can to prepare for the extreme weather hazards that are emerging as part of climate change,' he said. Hundreds of international scientists, researchers, policymakers and thought leaders will soon gather to discuss how the world can adapt to climate change at Adaptation Futures 2025 (AF2025), in Ōtautahi Christchurch, New Zealand this October. The largest event of its kind will provide an opportunity to learn from experts working at the forefront of innovation and science. Professor Katrina Brown of the University of Exeter in the UK said making adaptation a priority was critical, but it was important that efforts were done in an integrated and coordinated way. 'We have to demonstrate how adaptation benefits different sectors of society and also how it works for nature, society and the economy. Not only is it necessary for the short term, but it's important for the long term sustainability and wellbeing of populations around the world.' 'Across Europe in the last few years, we've seen an increase in death rates associated with extreme heat, and here in the UK we are experiencing our third major heatwave within a month. We see a repeated pattern where the people who are most affected are the elderly, people with underlying health problems, and people who live in poor quality housing or are homeless, and the subsequent issues of more emergency call-outs and a fragile health system. This means adaptation is a social justice issue.' She said events like AF2025 were important for cross-national learning about adaptation research and action, as well as hearing from diverse voices including Pacific and Indigenous representatives – which is one of the core themes of this year's event. 'We are at a decisive point where we need to take action now. There are many things we can do, and lessons we can learn from other countries. Bringing a critical mass of scientists, researchers and policymakers together at AF2025 to test these ideas around accelerating adaptation is very important. We're going to learn from people at the frontline of the climate crisis, including Pacific and Indigenous people, and hear the latest science and where adaptation has been successful,' Professor Brown said. 'People are realising that climate change isn't just about a gradual couple of degrees warming across the board, it's about massive disruptions and uncertainty. Across the world, we are experiencing these extreme conditions and a growing realisation that we are very poorly prepared. There are a range of options around nature-based solutions which show a lot of promise and benefit but we urgently need to be investing in adaptation efforts now.' Adaptation Futures is the flagship event of the United Nations' World Adaptation Science Programme (WASP). This year, it will be co-hosted by WASP and Te Whare Wānanga o Waitaha | University of Canterbury (UC), in a hybrid format allowing people to join in person or online. AF2025 will bring together scientists, governments, businesses and leaders. This year's event has a particular emphasis on issues for the Pacific and Indigenous people and is supported by a sponsorship consortium of national and international partners, and foundation sponsor, the Adaptation Fund.
Yahoo
06-07-2025
- Business
- Yahoo
JPMorgan Chase (NYSE:JPM) Elevates David Frame to Global CEO of Private Bank
JPMorgan Chase recently appointed David Frame as the global CEO of its Private Bank, positioning him to enhance the bank's global presence. Over the last quarter, the company's stock price has surged by 38%, significantly outpacing the market's 1.8% increase over the past week and 14% over the year. This sharp rise in JPMorgan's stock may have been supported by strategic executive appointments, enhanced product offerings, and a substantial share repurchase program, all contributing positively relative to the broader market trends. The overall market optimism and company-specific actions likely buoyed investor confidence in JPM. We've discovered 2 risks for JPMorgan Chase (1 can't be ignored!) that you should be aware of before investing here. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. The appointment of David Frame as CEO of JPMorgan Chase's Private Bank may bolster the company's efforts at fortifying its global stance. Over the past five years, JPMorgan's shares have experienced a substantial total return of 251.62%, reflecting the company's resilience and overall growth trajectory. This performance is notably robust, especially when juxtaposed against the more recent one-year market return, which JPMorgan notably surpassed by delivering growth in excess of the market's 13.7% increase. JPMorgan's strategic executive appointments and business actions could positively influence future revenue and earnings figures by reinforcing investor confidence and potentially enhancing operational capabilities. The recent share price movement, which is currently below the bearish target of US$195.37 from more pessimistic analysts, implies that market participants might still hold diverse views regarding the company's trajectory. This divergence reinforces the importance of evaluating new leadership roles and their potential to shape JPMorgan's earnings and operational outcomes amid shifting credit loss expectations and expense management challenges. Review our growth performance report to gain insights into JPMorgan Chase's future. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:JPM. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
04-07-2025
- Business
- Yahoo
JPMorgan Chase appoints David Frame as global private bank CEO
JPMorgan Chase has appointed David Frame as the global CEO of its private bank, effective immediately. This move positions Frame, previously the US private bank CEO, to lead the bank's private banking operations on a global scale, reported Reuters. The private bank, part of JPMorgan's asset and wealth management division, caters to high-net-worth clients. The private banking sector has gained prominence as global lenders aim to strengthen ties with wealthy clients and access the expanding global wealth pool. In addition to investment management, private banks provide services like lending, estate planning, and philanthropy, contributing to stable fee income and diversifying revenue streams away from Wall Street's volatility, reported the media outlet. With over $2.9tn in client assets under management, JPMorgan's private banking business is a significant player in the industry. As geopolitical tensions and economic uncertainties rise, wealthy investors increasingly seek global private banks for cross-border investment advice and access to private markets. Frame will continue to report to J.P. Morgan Asset and Wealth Management CEO Mary Callahan Erdoes, who oversees more than $6tn in assets. In May, JPMorgan Chase opened 14 new financial centres in the four US states of California, Florida, Massachusetts, and New York. The expansion follows the establishment of two additional centres in late 2024, bringing the total to 16, with plans to nearly double this number by the end of next year. "JPMorgan Chase appoints David Frame as global private bank CEO" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
03-07-2025
- Business
- Business Insider
Morning News Wrap-Up: Thursday's Biggest Stock Market Stories!
The stock market will close early on Thursday and will be closed for the Fourth of July tomorrow. With that in mind, now is the perfect time for investors to catch up on today's hottest stock market stories! Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Empro Group (EMPG) stock underwent a massive rally after its initial public offering (IPO) yesterday. Rivian (RIVN) stock failed to impress with its Q2 deliveries. Amazon (AMZN) received bullish analyst coverage ahead of its Prime Day event. Global Interactive Technologies (GITS) stock soared following a company update. NetCapital (NCPL) stock plummeted after it launched a registered direct offering. Bank of America analysts reaffirmed a bullish rating for Apple (AAPL). The S&P 500 (SPX) jumped on U.S. job growth. Costco (COST) expanded store hours for Executive members but will be closed for the Fourth of July. Lucid Motors (LCID) missed Q2 delivery estimates but the stock still rallied. President Donald Trump revealed plans for a megabill signing event tomorrow. Apple saw its Chinese iPhone sales grow for the first time in two years. Sony (SONY) stock slipped after it announced plans to release a game on Microsoft's (MSFT) Xbox consoles. JPMorgan Chase (JPM) has announced David Frame as the new CEO of its global private banking unit. The latest jobs report plummeted the chances of a July interest rate cut. Several of Microsoft's Xbox studios canceled games and laid off staff. Super Micro Computer (SMCI) was up on increased demand for its artificial intelligence (AI) servers. Tesla's (TSLA) loyal retail investors have refused to sell the electric vehicle (EV) company's shares. The Nasdaq 100 ETF (QQQ) climbed alongside the .
Reuters
03-07-2025
- Business
- Reuters
JPMorgan names insider David Frame global CEO of private bank
July 3 (Reuters) - U.S. banking giant JPMorgan Chase (JPM.N), opens new tab on Thursday named insider David Frame as the global CEO of its private bank, effective immediately. Housed within the largest U.S. bank's broader asset and wealth management business, the private bank offers investment solutions to high-net-worth individuals and families. Private banking has become an increasingly important business for global lenders as they seek to deepen relationships with wealthy clients and tap into the growing pool of global wealth. Beyond managing investments, private banks offer lending, estate planning and philanthropy services, helping to drive steady fee income and diversify banks' revenue streams away from more volatile and market sensitive Wall Street operations. In the new role, Frame will lead the private bank globally, expanding his responsibilities beyond his current role as U.S. private bank CEO. JPMorgan's private banking business oversees more than $2.9 trillion in client assets globally. Rising geopolitical tensions and economic uncertainty are pushing wealthy investors to spread their money across markets and asset classes. Demand is growing for global private banks that can offer cross-border investment advice, access to fast-growing private markets and help navigate risks tied to conflicts and trade disputes. The bank said Frame will continue to report to Mary Callahan Erdoes, CEO of J.P. Morgan Asset and Wealth Management, which oversees over $6 trillion in assets.
