The private bank said it has boosted its Texas headcount by almost a third in two years.

JP Morgan Private Bank has a new leader for its business in the South: Andrew Brock (pictured). Brock is replacing Pete Chilian who formerly held the position and left in February, a spokesperson confirmed to this publication. 

Andy Brock

Brock reports to Elaine Agather, Central Region head of the private bank. Brock oversees more than 280 advisors across nine cities supporting high and ultra-high net worth clients, collectively covering about $140 billion in total client assets. He will partner closely with Clinton Warren, who was appointed region head of investments and advice for the South last May.

With more than 20 years of financial services experience, Brock previously served as the head of Central Texas, leading the private bank offices in Austin and San Antonio. He joined the US bank in 2012 in the firm’s London office as a senior banker and was a member of the leadership team that defined and implemented the firm’s UK business strategy. 

The South region covers clients across Texas, Oklahoma, New Mexico, Mississippi, Louisiana, and Arkansas. 

Within Texas, JP Morgan’s private bank has increased headcount by 30 per cent over the last two years and said it has a “steady pipeline” of new hires in addition to the nearly 20 new hires in the past six months.