JP Morgan Asset Management (JPMAM) announced that China International Fund Management (CIFM) will now be operating under the brand name of JPMAM in China.
To recognise the milestone, George Gatch, chief executive officer of JPMAM, and Paul Bateman, chairman of JPMAM, have travelled to Shanghai to meet the team on the ground and visit the team’s future workspace in Shanghai Tower, the tallest building in China.
“I am thrilled to officially welcome our newest China’s colleagues to JP Morgan and celebrate the culmination of the integration in person. Combining the full breadth of our global resources and long-established domestic presence, we are well positioned to deliver values for global investors as China’s economy continues to grow and capital markets continue to internationalise,” said Gatch.
“China is an important market for JPMAM in Asia Pacific. Unifying our local business with the global brand not only signifies the first step of our integration journey but also underscores our long-standing commitment to China,” said Dan Watkins, Asia Pacific chief executive officer of JPMAM.
Earlier this month, JPMAM received regulatory approval to change CIFM’s legal name to JPMAM.