Moves: JPMorgan China names new heads for China investment banking arm
23/04/2024 09:56
By Selena Li
HONG KONG, April 23 (Reuters) - JPMorgan Chase & Co
JPM.N appoints Lu Fang to chair the board of its China
investment banking arm, replacing former chair Park Pu,
according to a company memo reviewed by Reuters and confirmed by
a company spokesperson.
Greg Yu, recently deputy general manager of J.P. Morgan
Securities China Company (JPMSC), has been promoted to general
manager, according to the Memo issued on Wednesday.
The China unit of JPMorgan conducts various banking
businesses including investment banking and securities
brokerage.
Both appointments took effect immediately, subject to
regulatory filings, the bank said in the memo.
Lu replaces Park Pu, who was the China arm's chairman for
nearly a decade. Pu will assume a new role as senior advisor to
the firm, the memo reads.
Lu will be responsible for overall management of the
company, overseeing local governance and the bank's strategic
agenda.
Yu, who will continue in his role as head of Equities for
JPMSC will be responsible for the implementation and execution
of the bank's strategic agenda, facilitating regulatory
relationships, and overseeing day to day operations.
(Reporting by Selena Li; Editing by Michael Perry)
((Selena.Li@thomsonreuters.com; +852 39525868;))