J.P. Morgan announced Wednesday that it has a new leader for its Private Banking business in Central and South Jersey.
Managing Director Rohit Mehrotra will be the new market team leader, based out of Princeton, with a goal of growing client reach and regional impact. He will report to Alma DeMetropolis, president of the New Jersey market leadership team and market manager for the Private Bank.
“This year has changed our daily lives, our society and our economy — many people, and business owners in particular, are facing uncertainty about their future,” he said in a prepared statement. “After the downturn early this year, middle-market (mergers & acquisitions) activity is rebounding in sectors that have benefited or substantially recovered from the pandemic and related shutdowns; challenges remain, but opportunities also continue to emerge.”
Mehrotra also leads the health care and life sciences franchise for the firm in the East region. He had been based out of the Private Bank office in Philadelphia, where he was a senior banker and adviser.
“My focus is on connecting business owners across central and south New Jersey to J.P. Morgan’s global resources to help them take control of their goals and plans,” he said. “I’m fortunate to have the opportunity to lead this market’s talented team and to advance our business, which is directly tied to the well-being of the families and individuals we serve.”