Latest news with #NewYork-headquartered
Yahoo
3 days ago
- Business
- Yahoo
JPMorgan is expanding an initiative to woo more wealthy clients
JPMorgan Chase is opening 14 new financial centers specifically to serve wealthy clients. The bank is attempting to woo more rich clients with higher levels of service and personalization. The offices are in locations such as Palm Beach, Florida, and on Manhattan's Madison Avenue. JPMorgan Chase is doubling down on plans to woo wealthier clients by opening 14 new financial centers. The New York-headquartered global bank previously ran two similar centers in the United States — one in New York City and one in San Francisco. The new locations are set to open in four states — California, Florida, Massachusetts, and New York — including one in Palm Beach, Florida, and one on Manhattan's Madison Avenue. These office-based branches were first acquired when JPMorgan took over the commercial bank and wealth management services provider First Republic in 2023. The move is part of the financial services firm's mission to cater to its affluent clients and attract more of America's millionaires. By the end of 2026, it plans to have 31 such centers. While JPMorgan leads the way in deposits and assets compared with Wall Street's biggest banks, competitors have a larger share of wealth management. "Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase," Jennifer Roberts, the CEO of consumer banking at Chase, said in a statement. "These new Financial Centers offer a highly personalized service model, providing greater flexibility to meet clients' needs with exceptional attention and care." Customers who hope to join the program need to have $750,000 in deposits and investments. Services available to clients include personalized attention from a banker and a team of experts in personal banking, business banking, lending, and planning, and JPMorgan wealth management advisors. Each brick-and-mortar office is led by a "relationship manager." For those who don't live close to one of the financial centers, they'll be able to access the same services through the relationship managers, who are also meant to support remote members. In 2024, Chase opened more than 150 banks as part of its goal to open 500 new locations by the end of 2027. Read the original article on Business Insider Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
JPMorgan is expanding an initiative to woo more wealthy clients
JPMorgan Chase is opening 14 new financial centers specifically to serve wealthy clients. The bank is attempting to woo more rich clients with higher levels of service and personalization. The offices are in locations such as Palm Beach, Florida, and on Manhattan's Madison Avenue. JPMorgan Chase is doubling down on plans to woo wealthier clients by opening 14 new financial centers. The New York-headquartered global bank previously ran two similar centers in the United States — one in New York City and one in San Francisco. The new locations are set to open in four states — California, Florida, Massachusetts, and New York — including one in Palm Beach, Florida, and one on Manhattan's Madison Avenue. These office-based branches were first acquired when JPMorgan took over the commercial bank and wealth management services provider First Republic in 2023. The move is part of the financial services firm's mission to cater to its affluent clients and attract more of America's millionaires. By the end of 2026, it plans to have 31 such centers. While JPMorgan leads the way in deposits and assets compared with Wall Street's biggest banks, competitors have a larger share of wealth management. "Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase," Jennifer Roberts, the CEO of consumer banking at Chase, said in a statement. "These new Financial Centers offer a highly personalized service model, providing greater flexibility to meet clients' needs with exceptional attention and care." Customers who hope to join the program need to have $750,000 in deposits and investments. Services available to clients include personalized attention from a banker and a team of experts in personal banking, business banking, lending, and planning, and JPMorgan wealth management advisors. Each brick-and-mortar office is led by a "relationship manager." For those who don't live close to one of the financial centers, they'll be able to access the same services through the relationship managers, who are also meant to support remote members. In 2024, Chase opened more than 150 banks as part of its goal to open 500 new locations by the end of 2027. Read the original article on Business Insider
Time of India
3 days ago
- Business
- Time of India
PepsiCo India reports consolidated profit at Rs 883.4 cr in 2024, revenue at Rs 9,096.62 cr
Pepsico India Holdings Pvt Ltd's consolidated revenue from operations stood at Rs 9,096.62 crore in 2024 and its profit at Rs 883.39 crore, the company said in a filing to the registrar of companies ( RoC ). Total consolidated income of PepsiCo India Holdings, which includes other income, was at Rs 9,268.04 crore in 2024. This is the full report for 12 months as PepsiCo had last year changed its financial year from April-March to January-December period. In 2023, it had filed results for nine months (from April to December) to implement the change. It had reported a consolidated revenue from operations at Rs 5,954.16 crore in the nine months ended in December 2023, while its profit stood at Rs 217.26 crore, according to the financial data accessed by the business intelligence platform Tofler. In 2024, PepsiCo's revenue from the snacks business in which it operates with brands including Kurkure, Lays, Doritos and Quaker was at Rs 6,88,966 crore. Revenue from beverage business, in which it operates with fizz-based drinks and juices with brands such as Pepsi, 7up, slice, Tropicana, and Gatorade was at Rs 2,206.96 crore. PepsiCo India's "Advertising promotional" expenses were at Rs 772.02 crore in 2024. Besides, it has paid a royalty of Rs 101.84 crore to its parent firm in 2024. Revenue from the domestic market was at Rs 8,475.37 crore, while exports contributed Rs 386.10 crore to the total revenue of the company, which is not a publicly listed entity. PepsiCo India & South Asia CEO Jagrut Kotecha said the company has delivered on its growth targets in 2024. Over the past 12 months, the FMCG industry in India has shown remarkable resilience in the face of a challenging external environment, where it witnessed a slowdown in urban consumption along with inflationary pressures, he said. "In this context, PepsiCo India's strong performance in 2024 across food and beverage categories is a testament to its dynamic marketing, marketplace execution, and consumer-centric innovation. None of this would've been possible were it not for the incredible talent & teams that we have worked at building and nurturing, and I am confident that this has set us up to deliver on our bold growth ambition over the next five years," Kotecha added. PepsiCo India and South Asia Vice President & CFO Kaushik Mitra said, "While these figures are not directly comparable year-on-year due to the shift in our financial reporting calendar, the significant improvement in our profit margins over the last three reporting periods underscores the strength of our business model and our momentum in the market." In the first quarter of 2025, the New York-headquartered multinational had reported an 11 per cent organic revenue growth in its international business, helped by markets including India. India also helped PepsiCo to grow its international convenient foods business by 2 per cent in the first Quarter of 2025. PepsiCo entered India in 1989 and has grown to become one of the largest MNCs engaged in the business of manufacture and trading of aerated and non-aerated beverage products, juice and juice-based drinks and packed food products.
Business Insider
3 days ago
- Business
- Business Insider
JPMorgan is expanding an initiative to woo more wealthy clients
JPMorgan Chase is doubling down on plans to woo wealthier clients by opening 14 new financial centers. The New York-headquartered global bank previously ran two similar centers in the United States — one in New York City and one in San Francisco. The new locations will be opened in four states: California, Florida, Massachusetts, and New York. Offices will include a location in Palm Beach, Florida, and one on Manhattan's Madison Avenue. These office-based branches were first acquired when JPMorgan took over commercial bank and wealth management services provider First Republic in 2023. The move is part of the financial services firm's mission to cater to its affluent clients and attract more of America's millionaires. By the end of 2026, it plans to have 31 such centers. While JPMorgan leads the way in deposits and assets compared to Wall Street's biggest banks, competitors have a larger share of wealth management. "Through these Financial Centers, we are redefining how affluent clients are served, offering a highly personalized level of service that is backed by the global capabilities of JPMorganChase," CEO of Chase Consumer Banking Jennifer Roberts said in a statement. "These new Financial Centers offer a highly personalized service model, providing greater flexibility to meet clients' needs with exceptional attention and care." Customers who hope to join the program need to have $750,000 in deposits and investments. Services available to clients include personalized attention from a banker and a team of experts in personal banking, business banking, lending, and planning, and JPMorgan wealth management advisors. Each brick-and-mortar office is led by a "relationship manager." For those who don't live close to one of the financial centers, they'll be able to access the same services through the relationship managers, who are also meant to support remote members. In 2024, Chase opened over 150 banks as part of its goal to open 500 new locations by the end of 2027.
Time of India
23-05-2025
- Business
- Time of India
Brookfield looks to treble India assets in 5 yrs
MUMBAI: Brookfield Asset Management is aiming to more than triple its assets under management in India to $100 billion over the next five years, a senior official said on Thursday. Connor Teskey, the president of the New York-headquartered global asset manager, said it expects the global AUM to double over the next five years from the present $1 trillion, and the growth in emerging markets like India would be higher. At present, the AUM in India, where the firm has been investing for over 15 years, is $30 billion in assets across sectors like infrastructure, real estate, renewable power and also private equity. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
