JPMorgan Chase & Co acquired Nutmeg Saving and Investment Limited, a transaction announced in June 2021.
Nutmeg Saving and Investment Limited operates in Digital wealth management (UK), is based in London, United Kingdom. JPMorgan Chase agreed to acquire Nutmeg, one of the UK's leading independent digital wealth managers, to complement the digital retail bank it was launching in the UK under the Chase brand. Founded in 2012, Nutmeg had grown to more than 140,000 investors and over GBP 3.5 billion of assets under management.
Anchor a UK digital wealth offering alongside the new Chase UK retail bank.
International Consumer / Chase UK
Advisory firms were not disclosed for this transaction.