DARREN MCDERMOTT - Spear's Magazine

DARREN MCDERMOTT

JP MORGAN PRIVATE BANK

DARREN MCDERMOTT
City
LONDON
Category
UHNW Wealth Managers 2017
Company Size
INTERNATIONAL

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Technology is ubiquitously touted as the latest game-changer for wealth management, but Darren McDermott takes a more nuanced view: clients want the personal touch, even if it means speaking to an adviser over the phone while perusing portfolios on the latest apps and gadgets. ‘Time is a very precious commodity,’ he says – particularly for UHNWs, who have spent an ‘interesting and eventful’ year on the markets preparing for a raft of possible scenarios.

‘A lot of our clients are business owners, and they’re busy,’ he says. ‘It might be when they’re having a cup of coffee on a Saturday morning, they go on their iPad to discover the latest thoughts from JP Morgan on their portfolio, download specific information on investments. It’s all about easy access, and what’s convenient for them.’

The Irishman has spent his career earning clients’ trust, offering innovative solutions to protect their capital and ensuring they’re well cocooned when markets go south. He notes that JP Morgan is well positioned in 2017, thanks partly to its ‘deep platform’ and integrated team model that sees each client assigned a team that includes a private banker, an investment specialist, a wealth adviser and a lending expert.



 

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