JPMorgan Chase Acquires UK Pensions Technology Platform WealthOS

JPMorgan Strengthens UK Pensions Foothold with WealthOS Acquisition

JPMorgan Chase, the multinational financial services firm, has completed its acquisition of WealthOS, a UK-headquartered fintech company specializing in pensions technology. The strategic move, reported on January 22, 2026, is set to significantly enhance JPMorgan's capabilities within the competitive United Kingdom pensions sector.

The acquisition aims to meet the growing customer demand for robust retirement planning tools and income stability solutions. JPMorgan intends to leverage WealthOS's proprietary technology to support and develop its JPMorgan Personal Investing pensions platform.

WealthOS: A Cloud-Native Pensions Innovator

Founded in 2019, WealthOS operates a cloud-native wealth management platform designed to streamline digital pension administration and support end-to-end account management for providers. The company's comprehensive feature set includes microservices that cover the entire operations lifecycle within wealth management and retirement products.

WealthOS was co-founded by Anton Padmasiri and Chamath Arambawela, and maintains teams in both the United Kingdom and Sri Lanka, where it operates a product and software engineering center. John Herlihy, a former Google executive, serves as the chairman of WealthOS.

Strategic Expansion in the UK Market

The acquisition underscores JPMorgan's continued strategic focus on expanding its presence in the UK's personal banking and wealth management market. According to an internal memo, all WealthOS employees will transition to JPMorgan as part of the integration.

Edmund Cohen, head of pensions and wealth products at JPMorgan, confirmed the employee transition in the memo. While the financial terms of the deal were not disclosed, the acquisition is expected to provide JPMorgan with 'access to cutting-edge technology and deep-sector expertise' in the pensions space.

Broader UK Investment Strategy

This latest acquisition follows JPMorgan's launch of a digital savings bank under the Chase brand in the UK in 2021. In the same year, the banking giant also acquired Nutmeg, a digital wealth manager, which now operates as JPMorgan Personal Investing and serves approximately 275,000 UK customers. The integration of WealthOS's technology is a further step in JPMorgan's efforts to build a comprehensive investment offering for retail clients in the UK.