Thursday, February 29, 2024
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J.P. Morgan has made significant leadership changes with the appointment of Harshika Patel as the new CEO of the Asia Private Bank and Kam Shing Kwang as the chairwoman of North Asia at J.P. Morgan.

In her new role, Patel, who previously served as the head of strategy, Asia at J.P. Morgan, will report to Martin Marron, CEO of the International Private Bank, and Filippo Gori, CEO of J.P. Morgan in Asia Pacific. Notably, Patel will continue her responsibilities as CEO of J.P. Morgan Hong Kong. She brings over 30 years of experience in the financial services sector, having held senior roles in various global financial centres, including London, Singapore, and Hong Kong.

Kwang, who has been the CEO of Asia Private Bank for six and a half years, will now take on the role of chairwoman of North Asia at J.P. Morgan, reporting to Gori. In her new position, Kwang will provide strategic guidance and strengthen key stakeholder relationships in the region. She has been with J.P. Morgan for 25 years and has held several senior positions across Hong Kong and Singapore.

Mary Callahan Erdoes, CEO of J.P. Morgan Asset and Wealth Management, acknowledged Kwang’s significant contributions and expressed excitement about her continuing role as J.P. Morgan’s chair of North Asia. The Asia Private Bank plays a pivotal role for J.P. Morgan’s private banking business, overseeing more than $2.2 trillion in client assets globally, making these leadership transitions crucial for the bank’s future success.

The bank’s leadership expressed enthusiasm about the transition and the contributions of both Patel and Kwang to their new roles as J.P. Morgan continues to invest and expand its presence in the Asian region, which is a key focus for the bank on a global scale.

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