BLOOMFIELD HILLS — Morgan has announced that Reuben Rashty has been appointed head of J.P.Morgan’s Private Banking business in Michigan. In this role, he will lead J.P. Morgan’s team in delivering the firm’s investment, wealth advisory, deposit, credit and philanthropic services to high and ultra-high-net worth clients in Michigan via offices in Bloomfield Hills, Ann Arbor, Grosse Pointe and Grand Rapids. Rashty will report to Doug Regan, Midwest Regional Head for J.P. Morgan Private Bank.
“We are pleased that Reuben will lead our efforts in Michigan,” said Regan. “With the rebounding of the Michigan economy and growth in high net worth individuals and families, we see good growth potential in the state. Reuben’s extensive banking experience and solid leadership skills will benefit our business as well as our clients in Michigan.”
Rashty previously served as a Senior Banker in J.P. Morgan’s Private Bank in Michigan and was given the distinction of “Five Star Wealth Manager” in 2011 and 2012. Prior to joining J.P. Morgan, Rashty was head of domestic Private Banking for Israel Discount Bank in New York City, where he focused on driving business development, building strategic relationships, and increasing sales for the bank.