About
The U.S. giant's takeover of robo-adviser Nutmeg last year was a landmark moment for the investing sector. Financial News talks to JPMorgan's international consumer head Sanjiv Somani, now head of Nutmeg, on why the bank is interested in digital wealth management, the opportunities ahead for managing investors' money, and how the market is transforming on both sides of the pond.

Presenters
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Justin Cash
Online Editor, Financial News
Justin Cash is online editor at Dow Jones’s Financial News title. He was previously editor of Money Marketing magazine, and has also worked for titles including Legal Week and Citywire.

His work has featured in publications ranging from The Financial Times, The New Statesman, Total Politics and The Independent, to CityAM and The Huffington Post. During his time running Money Marketing, the magazine has won the Headline Money B2B Title of The Year Award. Individually, he has won a James Hay Award and the Personal Finance Awards’ Trade Journalist of the Year Award, and has been shortlisted in the Press Gazette Specialist Media and Santander Media Awards.

Cash graduated with a 2.1 in Politics, Philosophy and Economics from Durham University and has a masters in Investigative Journalism from City University, London.

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Sanjiv Somani
CEO, Chase and Nutmeg UK
Sanjiv Somani is CEO of International Consumer Banking (ICB) U.K. and was Chief Operating Officer for ICB prior to that. He has 25+ years’ experience in Financial Services across Retail Banking, Wealth Management and Investment Banking.

Mr. Somani has been with ICB since its inception in September 2018 and has been involved in all aspects of building and launching the business. ICB currently trades under the brand names of Chase for banking and Nutmeg for managed investments in the U.K.

Mr. Somani joined JPMorgan Chase in 2016 and was Head of Client and Employee Experience for the Corporate & Investment Bank (CIB) and a member of the CIB CAO Management Team.

Prior to joining JPMorgan Chase, Mr. Somani held various global leadership roles over ~20 years with Deutsche Bank, UBS, Citibank in senior Operations, Tech, Finance and Strategy functions; and at McKinsey & Company advising financial services and technology companies.

Mr. Somani holds an MBA from JBIMS, Mumbai University and a Bachelors in Electronics Engineering from VJTI, Mumbai University.

In addition, Mr. Somani serves on the Board of 10x (core banking fintech company) and on the Board of Trustees of a family foundation supporting various charitable causes in India.
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