JP Morgan Chase has lost 20 of the 25 private banking professionals it inherited from Fleming, with Rathbones and NCL Investments getting the lion's share of the fall-out.
Ten bankers have joined Rathbones, a wealth management firm now with 50 bankers and £5.5bn under management. The ten are Hugh Adlington, Tim Eliot-Cohen, Nicholas Fisher, Christopher Godfrey-Faussett, Oliver Harvey, Rupert Heggs, Andrew Hutton, Christopher James, Alan Potter and Jane Sydenham.