Basak Koralturk
Head of Business Development, J.P. Morgan Advisors
Basak Koralturk is a Managing Director and the Head of Business Development at J.P. Morgan Advisors, a division of J.P. Morgan Wealth Management.
Basak is responsible for driving the overall strategy and growth of J.P. Morgan Advisors, partnering closely with the CEO and the rest of the leadership team. In this capacity, she develops strategic initiatives to expand the business, maintaining a culture of achievement. Basak also oversees the recruitment of experienced Advisors to the firm, facilitating the smooth transition of team members and client assets. She leads the Wealth Advisor Development Program, a three-year program designed to cultivate the next generation of talented advisors. In addition, Basak directs the business management and field readiness teams, ensuring Advisors have access to the technology, tools and resources to deliver the highest caliber of client engagement. She oversees Advisor compensation, aligning incentives to promote the expansion and retention of client assets. Finally, Basak serves as a coach and partner to Advisors, connecting them to best practices that can help them thrive.
Prior to joining J.P. Morgan Wealth Management in 2023, Basak served as the Head of Corporate Strategy at JPMorgan Chase & Co. In this capacity, she worked on the most important strategic questions directly set by the CEO and the members of the Operating Committee. Since joining Corporate Strategy in 2018, Basak has built a strong track record of leading complex, cross-line-of-business initiatives that define new directions for the firm, including designing the new J.P. Morgan Wealth Management organization in 2019. Eager to support other women in financial services, she has spearheaded the Women on the Move in Strategy chapter at J.P. Morgan, and she is an active participant of the firmwide Women on the Move initiatives.
Basak started her career as a management consultant and was a Senior Principal in Oliver Wyman’s Financial Services and Digital practices, specializing in retail banking, corporate strategy, digital and innovation. Outside work, Basak is actively engaged with a number of non-profit organizations focused on education, including serving as a Trustee for her alma mater, Robert College in Istanbul.
Basak received her B.A. from Yale University, with a double major in Economics and History. She lives in New York City with her husband and son. A licensed executive coach, she enjoys working with people to help them appreciate and fulfill their leadership potential.
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