Michael Lee, who manages JPMorgan Securities LLC's branch in Midtown Manhattan, N.Y., will join First Republic Private Wealth Management, InvestmentNews reported March 13, citing two sources familiar with the matter.

Lee is currently on leave and the move will not be made for at least a couple of months, according to one source. His official title will be managing director and regional business leader and he will be in charge of New York territory for the bank's wealth management group, according to InvestmentNews.

Lee joined JPMorgan in 2009, according to the report.