Nutmeg is a UK-based online investment management service, widely recognized as a leading 'robo-advisor'. Launched in 2011, it was one of the first of its kind in the UK, offering accessible and transparent investment portfolios, including ISAs, Lifetime ISAs, Junior ISAs, pensions, and general investment accounts. Nutmeg aims to demystify investing for a broad audience by leveraging technology to provide discretionary investment management at a lower cost than traditional wealth managers. In June 2021, Nutmeg was acquired by JPMorgan Chase and now operates as part of its international consumer business, complementing the launch of Chase's digital bank in the UK. This acquisition allows Nutmeg to leverage the global resources and expertise of JPMorgan Chase while continuing its mission to empower individuals to achieve their financial goals.
Serves as the central hub for Nutmeg's operations, including technology development, investment management, customer service, marketing, and administrative functions.
Historically, Vox Studios in Vauxhall, a redeveloped Marmite factory, offered a modern, creative office space. Post-acquisition, facilities may be integrated with JPMorgan Chase's state-of-the-art Canary Wharf offices, known for their extensive amenities and corporate environment.
Nutmeg fosters a work culture typical of a fintech company: innovative, agile, customer-focused, and collaborative. With its integration into JPMorgan Chase, the culture likely blends this dynamism with the established, robust practices of a global financial institution.
The London headquarters is significant as it's the birthplace of Nutmeg's pioneering digital wealth management services in the UK and remains the core of its operational and strategic decision-making, now backed by a global financial leader.
Nutmeg's primary market is the United Kingdom. Since its acquisition by JPMorgan Chase, it benefits from the global presence and infrastructure of its parent company. While Nutmeg's direct services are UK-focused, its operations are supported by JPMorgan Chase's international capabilities in technology, security, and financial expertise. JPMorgan Chase has a significant global footprint with offices in over 60 countries, supporting various financial services worldwide.
Vox Studios, 1-45 Durham Street (Historically associated, operations may be integrated with J.P. Morgan, 25 Bank Street, Canary Wharf)
London
Greater London
United Kingdom
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As of April 2025, Nutmeg' leadership includes:
Nutmeg has been backed by several prominent investors over the years, including:
Since its acquisition by JPMorgan Chase, Nutmeg's leadership has integrated with the broader JPM structure. Key leadership appointments often align with JPM's strategy for its UK consumer business. In the last 12-18 months, appointments like a new Chief Compliance Officer have occurred. Major leadership changes, such as the CEO transition, happened closer to the acquisition period.
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Nutmeg, like many modern companies, likely utilizes common professional email formats. Given its acquisition by JPMorgan Chase, email formats might also align with JPM's standards for official communications, but direct Nutmeg employee emails often followed patterns like first name initial and last name, or first name dot last name.
Common formats include [first].[last]@nutmeg.com or [f][last]@nutmeg.com
Format
jane.doe@nutmeg.com
Example
75%
Success rate
J.P. Morgan • June 17, 2021
J.P. Morgan announced that it has agreed to acquire Nutmeg, a leading U.K. independent digital wealth manager. The acquisition will complement the launch of Chase as a digital bank in the U.K. later this year....more
Financial Times Adviser • February 1, 2024
Nutmeg reported reaching £5bn in assets under management. However, the company also saw its pre-tax losses increase to £29.9mn in the 18 months to December 2022, up from £19.3mn in 2021, attributed to higher staff costs and administrative expenses following its acquisition by JP Morgan....more
Sky News • September 28, 2022
Sanjiv Somani was appointed to lead Chase's UK retail bank and Nutmeg, having previously held senior roles at JP Morgan in the US. This move signaled JPM's commitment to growing its UK consumer business....more
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