Richard Beggs, head of UK investment advisory at JP Morgan’s private banking business in London, has resigned from the firm, this publication understands.

His future plans are unclear at this stage. JP Morgan Private Bank declined to comment on the matter.

In July, this publication reported that managing director Richard Madeley had left JP Morgan’s UK private banking business. He joined a new private wealth advisory business in London being assembled by Edmond de Rothschild Group, the private banking and asset management firm owned by the Rothschild family.