JPMorgan Asset Management plans to double its European assets under management to $2 trillion over the next five years, targeting growth from wealthy individuals across the region. The firm's European business has already expanded from $500 billion to $1 trillion over the past nine years through rising markets and sustained client inflows.
CEO Patrick Thomson identified active exchange-traded funds, alternative assets, and partnerships with leading wealth managers as the three strategic priorities driving this expansion. JPMorgan views Europe as a high-quality market where these focus areas will be central to achieving the ambitious doubling target.
JPMorgan Targets $2 Trillion in European AUM Within Five Years
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