
Alvaro Martinez-Fonts, who heads JPMorgan Florida’s private bank, has a
big job.
Not because the private bank manages about $20 billion in
client assets in the state or because he’s looking to turn that figure
into $100 billion over the next five years.
While most states in the
country and grouped into regions, Florida stands alone.
“I think it
was a nod and a testimony to the potential that we see in the state of
Florida to create Florida as its own region,” Mr. Martinez-Fonts said in
JPMorgan’s Biscayne Boulevard offices overlooking Miami Beach and
Biscayne Bay. “California is not its own region but Florida is.”
Watch the interview here
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