The vacancy for the post was created when the current holder, who had been in the post for over six years, became the bank's chair of North Asia.
JP Morgan has appointed one of its own, Harshika Patel (main
picture). to be the new chief executive of its Asia private bank.
Patel is taking the slot vacated by KIam Shing Kwang
(pictured below), who will become north Asia chair at the US
Kwang has been the CEO of the Asia private bank for more than six years.
Patel will report to Martin Marron, CEO of the international private bank and Filippo Gori, CEO of JP Morgan in Asia-Pacific, regionally.
Before taking on this post, Patel worked at the JP Morgan corporate and investment banking business in Asia. She will retain her existing role as CEO of JP Morgan Hong Kong. Patel, who is also head of strategy, Asia at the bank, joined JP Morgan in 2013.
Patel has more than 30 years of serving in senior positions across different regions and global financial centers including London, Singapore and Hong Kong.
Kwang will report to Gori and advise on the firm’s strategic agenda and strengthen stakeholder relationships in the region. She has been with the firm for 25 years, and has held a variety of senior positions between Hong Kong and Singapore.