J.P. Morgan Private Bank
SCOTT CANUEL, CFP® CFA®
Executive Director/Team Lead
After serving Maryland clients for more than 20 years, J.P. Morgan Private Bank opened a local office in Harbor East to serve high net-worth clients with banking and wealth-management services.
Baltimore’s J.P. Morgan Private Bank office is led by Executive Director Scott Canuel, a Baltimore native and former national managing director for client strategy for PNC’s Wealth Management division.
He leads a staff that provides wealth management, investment, planning, and banking services to individuals, family offices, foundations, and endowments throughout the region.
Among his experienced team is Doug Holthaus, an executive director and banker.
Before joining J.P. Morgan in 2018, Doug was a senior vice president and private client advisor with U.S. Trust. Prior to that, he worked at PNC Wealth Management for six years as a senior relationship manager. His experience also includes tenures at Mercantile Capital Advisors as vice president of alternative investments and mutual funds, at Deutsche Asset Management
as a relationship manager, and Friedman, and at Billings & Ramsey Group as a syndicate desk analyst. Doug began his career at Legg Mason in 1996.
Also playing a key role is Elizabeth “Liz” Lenrow, an executive director and banker at J.P. Morgan Private Bank in Baltimore who was profiled as a 40 Under 40 winner on the Daily Record’s 2020 list.
Before moving back home, Liz was a vice president in investor relations covering multi-asset, equity, and alternatives portfolios
at J.P. Morgan in New York City. She started her career with Bessemer Trust at the firm’s New York City and Palm Beach offices.
Another important player is Edward “Ned” Walton, an executive director and banker advising some of Maryland’s most successful individuals and families in banking, lending, investing, and trust and estate planning.
Before joining J.P. Morgan, Ned worked at Wilmington Trust as a private client advisor. Prior to that, he co-founded the executive search firm Stephen James Associates and spearheaded their banking and financial services search team as practice director.