Citi wealth exec jumps to JPMorgan

Citi wealth exec jumps to JPMorgan

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JPMorgan has raided Citi again as banks race to service the world's richPhoto: Mike Kemp/Getty Images

A senior member of Citigroup’s wealth team has joined Wall Street rival JPMorgan’s UK private bank, according to people familiar with the situation.

Paul Ferry, head of the financial professional client group at Citi Private Bank, has resigned after 17 years at the US bank.