Baseball star Alex Rodriguez at the center of JPMorgan’s customer poaching line

The JPMorgan Chase banker applied for a restraining order from her own employer this week to prevent her claim that colleagues from different departments of Bank of America tried to poach her clients, including retired baseball star Alex Rodriguez.

The details of the dispute between Gwen Campbell and JPMorgan Chase were set out in a legal document on Thursday, which mentioned an unidentified “professional athlete client” who was Campbell’s client at Merrill Lynch and then When she changed companies, she brought them to JPMorgan Chase Consultants in October 2020.

People familiar with the matter told the British “Financial Times” that the athlete is Rodriguez. He is an infielder for the New York Yankees and is known as “A-Rod.” His team won the 2009 World Series.

Representatives for Campbell and JPMorgan Chase declined to comment on the identity of the client. Rodriguez’s representative did not respond to a request for comment.

Rodriguez is the MLB player with the highest total career earnings, earning more than $399 million in his 22-season career. According to Baseball Reference.

In her complaint, Campbell claimed that JPMorgan’s private bank has been trying to divert Rodriguez and other clients from her team. The bank caters to wealthy clients like JPMorgan’s consultants but is located under different leadership. A separate part of the lender.

The 48-page document stated that Campbell “was lured into a shark tank where a private bank employee slandered her to her own clients and tried to steal client assets from Campbell’s management.”

The complaint stated: “Campbell was the victim of a well-known hiring and poaching “script” within JPMorgan Chase, which was the result of an internal conflict between JPMorgan Chase and private banks.

The document was intended to formally restrict JPMorgan’s private bank employees from soliciting or meeting Campbell’s clients because she sought compensation through arbitration proceedings because she claimed JPMorgan had breached the contract.

JPMorgan Chase filed a motion against the restriction order request on Friday. The bank stated that Campbell’s claims were “unfounded and we look forward to presenting the facts to the court”.

“All our clients have access to our world-class solution platform and can choose the consultant they want to work with. This consultant has not lost any clients during his work here,” JPMorgan Chase added.

The documents show that when Campbell agreed to join JPMorgan Chase last year, she negotiated a contract to resolve her concerns about the overlap of interests between JPMorgan’s advisers and private banks and the possibility of internal conflicts.

This dispute has rarely revealed the internal pressure of large banks such as JPMorgan Chase, where overlapping departments sometimes target the same customers. This also reflects the sometimes awkward structure of banks, which is the product of multiple mergers over decades.

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According to the documents, JPMorgan Chase has long been committed to establishing a deeper relationship with Rodriguez, but before Campbell joined, he had only “as low as seven figures” in his private bank account at JPMorgan Chase. When Campbell moved to JPMorgan Chase, Rodriguez and his undisclosed partners transferred hundreds of millions of dollars in assets and debts to the bank.

In the months after she moved to JPMorgan Chase, Campbell claimed that her private bank “began to secretly violate Campbell’s relationship with Rodriguez, including selling him the services she had already provided.

Rodriguez is known for his career as a professional baseball player for more than 20 years, but has since become an investor, broadcaster and entrepreneur.

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