JPMorgan Chase & Co. has created the new post of global head of its private bank and appointed veteran banker David Frame, according to a Wall Street Journal report. The move is part of a broad restructuring of the unit that serves ultra-high-net-worth clients. The overhaul is intended to help individuals and families with at least $10 million in investable assets deploy more capital overseas. By unifying regional teams under a single leader, the bank aims to sharpen its cross-border advisory capabilities and capture a larger share of the expanding pool of globally mobile wealth. Frame previously led JPMorgan’s U.S. private-bank business and has held senior roles in wealth management for two decades. In his new position he will oversee strategy, product development and client coverage worldwide, reporting to the co-heads of the broader wealth management division.