JP Morgan Completes Global Shares Acquisition – Transaction Set to Strengthen Fintech Based Wealth Management Offerings

  • JP Morgan has completed Global Shares acquisition transaction, which was announced on March 15, 2022
  • Acquisition will broaden the range of Fintech based Wealth Management services to its client, especially focussing on managing Stock Option
  • It will assist JPM in acquiring new clients for its Global Private Bank and U.S. Wealth Management businesses.

The previously announced acquisition of Global Shares by JP Morgan has been completed. The transaction was announced on March 15, 2022. J.P. Morgan becomes an industry-leading provider of innovative employee ownership solutions to private and public companies worldwide as a result of the acquisition.

The acquisition broadens the range of services available to corporate clients while also opening up a new client acquisition channel for J.P. Morgan’s wealth management businesses.

Global Shares was established in 2005. It has about 650 corporate clients ranging from early-stage start-ups to mature multinational public corporations. The firm manages nearly $200 billion in assets for over 800,000 corporate employee participants. It has a skilled team of over 600 employees and is headquartered in Cork, Ireland. It has presence in 20 locations spread across Europe, North America, the Middle East and Africa, and Asia Pacific.

The acquisition will strengthen J.P. Morgan’s franchise and complement its existing portfolio of businesses. It will assist JPM in acquiring new clients for its Global Private Bank and U.S. Wealth Management businesses. It will also provide innovative capabilities to private and public companies worldwide, as well as assist their employees in managing their wealth.

J.P. Morgan will gradually integrate Global Shares into its Asset & Wealth Management line of business, thereby supporting Global Shares’ next phase of growth.

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