J.P. Morgan announced that Nelle Miller and William Sinclair have been appointed Co-CEOs of the U.S. Private Bank, effective immediately. Miller and Sinclair will lead J.P. Morgan’s $2.4 trillion U.S. private banking business, which includes more than 5,500 professionals across 57 offices serving individuals, families, entrepreneurs, executives, family offices, and institutions throughout the country.
The U.S. Private Bank is the largest market within J.P. Morgan’s Global Private Bank, which oversees more than $3.8 trillion in client assets worldwide.
The appointments follow the July 2025 appointment of David Frame as Global CEO of J.P. Morgan Private Bank and reflect the increasingly global nature of the firm’s wealthiest clients and their investments.
Miller currently serves as Head of New York, the Private Bank’s largest U.S. market. She joined J.P. Morgan in 2002 and has held several leadership positions across the firm.
She was a founding member of the Global Investment Opportunities team and has led national specialist groups serving complex families and institutions, including the Outsourced CIO and Morgan Private Advisory organizations.
Sinclair joined J.P. Morgan in 2007 and has built one of the firm’s largest client practices, leading more than 500 professionals.
He currently serves as Head of the Financial Leaders Group and Global Co-Head of the Family Office Practice, advising some of the firm’s largest and most complex clients across public and private investments, fixed-income strategies, credit and liquidity solutions, estate planning, and philanthropy.
In their new roles, Miller and Sinclair will oversee J.P. Morgan’s efforts to expand its U.S. private banking franchise while connecting clients with the broader capabilities of the firm’s global platform.
KEY QUOTES:
“The Global Private Bank has delivered strong growth over the past five years, and the U.S. is at the center of that momentum. Nelle and Will have built outstanding businesses, developed high-performing teams and demonstrated deep expertise. They are uniquely well positioned to lead the U.S. Private Bank into its next chapter.”
David Frame, Global CEO of J.P. Morgan Private Bank
“I have spent my career alongside clients through market cycles and the most meaningful moments in their families’ lives, and Will and I are fortunate to lead a team that knows our clients just as deeply. The decisions families face today are more interconnected than ever spanning private markets, liquidity and multigenerational planning. This is an extraordinary opportunity to build on everything that makes this business special.”
Nelle Miller, Co-CEO of J.P. Morgan U.S. Private Bank
“Nelle and I are honored to take on this responsibility together and bring the global scale of the Private Bank to families and markets across the U.S. We have a fantastic franchise, with exceptional people and an unparalleled breadth of capabilities. Our focus will be on delivering the full power of J.P. Morgan to our clients and continuing to attract and develop the best talent in the industry.”
William Sinclair, Co-CEO of J.P. Morgan U.S. Private Bank
