JP Morgan has appointed a four banking veterans to its Chicago private wealth management unit.

The team, which consists of Jennifer Balestrery, David Marion, Douglas Elliott, and Alan Loewy, was brought in by JP Morgan to advise high net worth clients in the Midwest on areas such as investment management, financial planning, and trusts and estate planning.

Ms Balestrery began her career at First National Bank of Chicago, a predecessor of JP Morgan. Prior to rejoining the firm, she was a director at Barclays Capital, most recently marketing fixed income securities to institutional clients.

Mr Marion joins JP Morgan’s private wealth management unit from its investment banking division, where he had been an executive director focused on managing credit strategies for its institutional clients.

Mr Elliot was previously a financial advisor at UBS working with high net worth clients in the Chicago area.

Mr Loewy joins JP Morgan from the investment management division of Goldman Sachs, where he was a private wealth advisor focusing on clients in the Midwest.