The CEO of Chase Wealth Management has left under mysterious circumstances two years after being named to the post.
Michael Boardman joined J.P. Morgan Chase in October 2013 to grow Chase Private Client and Chase Investments across Chase Wealth Management. He was to work closely with J.P. Morgan's private bank and report to Barry Sommers, the CEO of Chase Consumer Banking, the bank announced in a press release two years ago.
Boardman remained with J.P. Morgan Chase until September 2015, according to his LinkedIn profile. He did not list another place of employment. Attempts to reach him were unsuccessful.
Mike Fusco, a spokesperson for Chase Wealth Management, acknowledged that Boardman had left but declined to provide additional details of his departure, saying only that the bank has implemented a new field structure that aims to bring the banking and investment services businesses together.
Erin Hill, who previously led the branch banking business, now leads the consumer banking and wealth management businesses in the branches, Fusco said. The bank also appointed Jamie Reed, the former leader of Chase Wealth Management in the Midwest, to a new role overseeing investment supervisory functions, product specialists, Chase Investment Direct and International Financial Services businesses. Both Hill and Reed report to Sommers.
The changes were implemented in August but not announced publicly, the bank said.
Boardman joined J.P. Morgan Chase from U.S. Bank, where he was president of the Private Client Reserve, the bank's high-net-worth wealth management unit.