Nutmeg's chief executive officer Sanjiv Somani has left his position at the JP Morgan Chase-owned digital wealth manager.
A Companies House filing stated CEO Somani resigned as a director at both businesses on 6 August 2023. He was appointed on 16 November 2022. JP Morgan AM CIO bullish on mortgage-backed securities as fixed income surges Nutmeg was bought by JP Morgan Chase in June 2021. It posted a £15m loss for 2020 and a £19m loss in 2021. It is understood that Sanoke Viswanathan, who heads up JP Morgan's International Consumer Banking division in London, will oversee Nutmeg going forward. JP Morgan declined to comment on the exit.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
