JBWere names JPMorgan economist Sally Auld chief investment officer

JBWere has named JPMorgan economist Sally Auld as its new chief investment officer.

JPMorgan chief economist Sally Auld will join JBWere as chief investment officer. Picture: Hollie Adams

JBWere has named JPMorgan economist Sally Auld as its new chief investment officer, three months after former CIO James Wright walked away from the private wealth manager.

Ms Auld will join JBWere on September 7 in what chief executive Justin Greiner said was “a real coup” for the wealth manager and its clients.

“It reinforces our focus on delivering market leading insights and broadening our proprietary investment capability,” he said.

Ms Auld’s appointment comes less than a month after Mr Greiner saw his own role expanded as part of an executive shake-up at NAB designed to streamline operations and reduce complexity at the bank.

NAB CEO Ross McEwan last month set about overhauling the management structure at the bank to boost end-to-end accountability.

As part of the changes, Mr McEwan said the private bank, JBWere and nabtrade would be brought together under the leadership of Mr Greiner, with a bigger focus on private wealth and relationships. The heads of the private bank and nabtrade will report to Mr Greiner, who is the son of former NSW premier Nick Greiner.

“We have a plan for the bank and we're starting to use that plan to drive our decisions and our actions … We want to move quickly,” Mr McEwan said at the time.

“We're making some structural changes to actually get this bank to make decisions faster through a better end-to-end decision making process. And we're looking to actually execute faster.”

“I am thrilled to be joining JBWere, the leading private wealth management firm in Australia and New Zealand,” Ms Auld said. Ms Auld was with JP Morgan for close to 12 years, first as head of Australian fixed income and foreign exchange strategy, before becoming its chief economist in 2016.