JPMorgan is buying UK robo-advisor Nutmeg


Sign for J.P. Morgan on 7th March 2020 in London, United Kingdom. JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York.

Mike Kemp | Getty Images

LONDON — JPMorgan Chase said Thursday it has agreed to buy British online investment management platform Nutmeg for an undisclosed sum.

The U.S. banking giant said the deal, which is still subject to regulatory approval, would complement its plans to launch a standalone digital bank brand in the U.K. later this year.

With more than £3.5 billion ($4.9 billion) in assets under management, Nutmeg is one of the U.K.’s largest robo-advisors. The company offers a range of…


0 0 votes
Article Rating

Ford says second-quarter earnings will ‘surpass expectations’

Previous article

U.S. weekly jobless claims show surprise rise to highest level in weeks

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Finance