JP Morgan Private Bank is to relocate its office located at London Wall to Knightsbridge next year, WealthBriefing has learned.

The move is believed to be motivated principally by two factors, firstly the need for larger premises, and secondly so that the firm can be closer to its ultra high net worth clients and prospects, who tend to be located around the exclusive Knightsbridge area.

It is thought that the move is likely to take place in the first half of next year.