Big news from our local Summit business, J.P. Morgan. Expansion.

Since it opened its doors in Summit just a few short years ago, the local office has doubled its business revenue.

To meet the need of this growth, the company is renovating and expanding a new office space designed to accommodate its growing team.

The newly expanded 35,000 square foot office space, situated on the third floor at 25 Deforest Avenue, features a state-of-the-art Client Center. This dedicated space is designed to host clients and their families for personal wealth discussions, curated events, and business meetings. The office design reflects the unique lifestyle of the New Jersey area, incorporating art and architectural detail that reflects the region’s rich heritage.

“Our new office space is a testament to our commitment to providing unparalleled service to our clients,” said J.P. Morgan’s Alma DeMetropolis.

“As we continue to expand our team to meet the evolving needs of our clients, this state-of-the-art facility will enable us to foster deeper relationships and deliver tailored financial solutions. We are excited to welcome our clients into this modern, collaborative environment where we can work together to achieve their financial goals for generations to come,” said DeMetropolis.

As New Jersey Market Manager, DeMetropolis oversees the day-to-day operations of the firm’s high-end wealth management division, leading a team of local bankers, wealth strategists and financial specialists. The team provides comprehensive guidance across investing, philanthropy, family office management, credit, fiduciary services, advisory services and more.

Based in Summit, DeMetropolis leads a team of more than 90 advisors and support staff across the region, managing more than $72 billion in client assets. With a career spanning over three decades, DeMetropolis joined the firm in 1992 and has led the Private Bank’s New Jersey market since 2003.

JPMorgan Chase, with headquarters located in Manhattan,  has been serving New Jersey clients for over 185 years. The firm currently supports clients across the region through its community banking, private banking, commercial and investment banking businesses. With more than 12,000 employees, JPMorgan Chase serves more than 3 million consumer and business customers across New Jersey. To learn more about the Private Bank across New Jersey, visit: www.privatebank.jpmorgan.com/NewJersey.

The community will also be invited to a special event to be held in November at the new firehouse, located at 281 Broad St.