JP Morgan targets hedge funds and SWFs in new sales push

US bank sets up dedicated teams in London as part of its push to become a top three cash equities house globally

JP Morgan has set up a dedicated equities salesforce in London to serve its hedge fund clients and sovereign wealth funds, as part of the bank's push to become a top three cash equities house globally.

JP Morgan sent an internal announcement to staff detailing the moves last month, according to a person familiar with the matter.

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