Abrams Ogunlesi
Abrams Ogunlesi will be a new commercial bank which will be based in New York, Lagos and London, where there will be three head offices serving each market The United States, Africa and The United Kingdom. It will be both commercial and have a retail element, as retail serves a function in the community even as popular as mobile banking has become.
As a commercial bank, It will act as a vital financial intermediary by accepting deposits from the public and providing loans to individuals and businesses. Banks fuel economic growth by enabling capital investment, offering payment services, creating money via credit, and providing financial security services.
The bank will be administrated by JP. Morgan. J.P. Morgan is a global financial services firm and the world's largest bank by market capitalization, It provides investment banking, asset management, commercial banking, and treasury services to corporations, governments, and individuals in over 100 countries. The firm is part of JPMorgan Chase & Co..
There will be new ideas in banking such as wealth management for all incomes, wealth management is a comprehensive, tailored financial advisory service for individuals, combining investment management, financial planning, tax optimization, and estate planning into a single, holistic strategy. It focuses on growing, preserving, and transferring wealth through personalized advice.
There will also be child accounts parents can set up for their children or teenagers and control spending through the app.
There will be new retail locations in the three markets mentioned earlier, The United States, Africa and The United Kingdom, these will be large locations with coffee shops offering free coffee and refreshments whilst customers wait to be seen.
Abrams Ogunlesi will acquire St James Place Wealth Management, one of the worlds largest wealth managers with a presence in The United Kingdom and Dubai, a leading firm, founded in 1991 and listed on the FTSE 100, that provides face-to-face financial planning to over 1,000,000 clients.
Non Executive, Chairman and Directors
Baron Édouard de Rothschild is a French financier, banker, and agriculturalist, belonging to the prominent French wing of the Rothschild banking family. He is known for his role in re-establishing the family name in Parisian banking, his ownership of major vineyard estates, his leadership in horse racing, and his investment in media.
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Adebayo Ogunlesi is a Nigerian American lawyer and investment banker. He is the Chairman and CEO of Global Infrastructure Partners and a Senior Managing Director at BlackRock.
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Chairman - David Réne de Rothschild is a prominent French banker and leading figure in the Rothschild banking dynasty. He unified the French and British branches of the family, acting as Chairman of Rothschild & Co formerly Paris Orléans from 2003 to 2018.
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Mark FitzPatrick is the Chief Executive Officer of St. James's Place, a role he assumed in December 2023. A veteran leader in the financial services sector, he has over 30 years of international experience across insurance, investment management, and professional services.
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Kevin Cohee is the Chairman and CEO of OneUnited Bank, the largest black owned bank in the United States. Cohee has dedicated his professional career to encouraging economic empowerment.
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Donald Felix is the President and CEO of Carver Bancorp, Inc. and its subsidiary, Carver Federal Savings Bank. Appointed in late 2024, he brings over 25 years of global banking experience to the institution, which is one of the largest African- and Caribbean-American-managed banks in the United States.
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John Hitchins has extensive experience of the financial services industry gained through his career as a senior audit partner and his non-executive directorships. John spent 38 years with PricewaterhouseCoopers LLP, specialising in financial services auditing and advisory services, before retiring in 2014. Since retiring from PricewaterhouseCoopers LLP, he has undertaken a number of non-executive director roles with financial services companies.
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Josef Ackermann is a prominent Swiss banker best known as the CEO of Deutsche Bank 2002–2012 where he drove international expansion and focused on shareholder value, and as the Chairman of the Bank of Cyprus 2014–2019. He is a highly influential figure in European finance who led Deutsche Bank through the 2007 financial crisis.
