JP Morgan has hired Jasmine Abouzied, latterly of Goldman Sachs Group, as an executive director and private banker at its New York office, expanding its team there.

Abouzied, who was at the private wealth management division of Goldman Sachs since 1998, will work with ultra high net worth clients of JP Morgan. She will be responsible for delivering the firm’s investing, wealth transfer, credit and philanthropic services to these clients in the New York area.

She will report to Mary Casey, managing director on the northeast private bank team.

Hiring and staff turnover rates have picked up in the US financial services industry, a new survey from Crowe Horwath shows. Employee turnover has returned to pre-recession levels, bucking a downwards trend that has lasted four years, and employees feel more confident now to go in search of new opportunities, the firm says.