People Moves
JP Morgan Names New Hong Kong CEO – Media
The new CEO has been at the US banking group since 1998 and over 30 years' experience in financial services.
JP Morgan has
appointed Kwang Kam Shing as its new Hong Kong chief executive,
taking the helm from Harshika Patel, who is staying on as
head of the firm’s private bank in Asia, Reuters and
other media reports said.
Kwang, who will report to Sjoerd Leenart, the Asia-Pacific CEO,
will oversee local governance, coordination, and controls. She
will also continue to foster employee and community engagement in
the Hong Kong operation, an internal memo was quoted by one
report – the South China Morning Post – as
saying.
Patel, who was the Hong Kong CEO for three years, took over from
Kwang as CEO of the Asia private bank in October last year.
The reports said that Kwang would be remaining as the chair of
North Asia and vice chair of investment banking for Greater
China. She has been with the bank since 1998 and has more than 30
years’ experience in financial services, across private banking,
asset management and investment banking.
