JP Morgan has appointed Harshika Patel, who has been with the bank for decade, to be its new chief executive of its Asia private bank.
She is taking over from Kam Shing Kwang who, after six years as CEO, will become chair of North Asia for the US bank.
Patel (pictured above) will report to Martin Marron, CEO of the international private bank and regionally to Filippo Gori, CEO of JP Morgan in Asia-Pacific. She was most recently head of strategy for Asia, and will keep her existing role as CEO of JP Morgan Hong Kong.
Patel has three decades of experience in the financial industry, including holding senior posts in London and Singapore, as well as Hong Kong.
Meanwhile, in her position as chair of North Asia, Kwang will advise on JPMorgan’s strategic agenda and strengthen top relationships in the region. She will also report Gori.
Kwang has worked at JP Morgan for 25 years, holding various senior roles in Hong Kong and Singapore.
“The Asia Private Bank operates in a key region for JP Morgan’s private banking business, which oversees more than $2.2trn in client assets globally,” said Martin Marron, in a statement.
