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JP Morgan PWM In Asia Makes Raft Of Appointments
Tom Burroughes
27 June 2011
JP Morgan’s private wealth management arm in Asia
has made a number of senior appointments across the region, the US-based firm
announced today, confirming press reports of the moves made almost a month ago. Edwin Lim has joined the firm as managing director, market manager
for Greater China based in Hong Kong. Most
recently, he was Northeast Asia Head of DBS Private Bank. The news service Reuters had reported this move at the start of June but JP Morgan declined to comment at the time. Gabriel Chan has been appointed as managing director based
in Singapore.
He will lead the Singapore-based PWM Greater China bankers. Prior to joining JP
Morgan, he was a team head for China/
North Asia markets at the DBS Private Bank based in Singapore. He will report to Lim. Patrice Huang has joined JP Morgan PWM as vice president
(based in Hong Kong) from DBS Private Bank
where she was a team head for the PRC & Taiwan markets. She will be based
in Hong Kong covering Greater China PWM
clients. She also reports to Lim. Finally, Eric Goh has been appointed as executive director
and investor team lead for PWM in Singapore. Previously he was head
of the investment advisory group and regional head of investment consultants at
BNP Paribas Wealth Management. “We see the build out
of our Greater China business as a key element to the expansion of our private
wealth management (PWM) business across Asia,” said Peter Flavel, chief
executive of JP Morgan PWM in Asia. JP Morgan Private Wealth Management targets high-net-worth clients
with a net worth from $10-30 million. JP Morgan Private Bank focuses on
ultra-high-net-worth clients with a net worth above $30 million.