J.P. Morgan Makes Strategic Hires as it Sharpens Focus On Corporate Clients
J.P. Morgan has hired three industry veterans to take on senior roles within its Corporate Banking and Wholesale Payments franchises in Asia Pacific as the bank continues to invest in strengthening support for its fast-expanding pool of corporate clients in the region.
The leading global financial institution has appointed Tim Huang as the Head of Corporate Banking for China, leading the overall strategy for corporate banking in this key market. Based in Shanghai, Huang has 16 years of industry experience in management positions in the United States and China. The bank has also named Nancy Cheng, who has over 20 years of industry experience, in a newly-created role as Head of New Economy for Corporate Banking in Asia Pacific. Based in Hong Kong, Cheng will drive the long-term growth of this client segment. Both Huang and Cheng will report to Oliver Brinkmann, Head of Corporate Banking for Asia Pacific.
“We are pleased to announce the strategic hires in our corporate banking business as we continue to intensify our focus on corporate clients in Asia Pacific. With Chinese corporates expanding their businesses at a rapid pace, we want to be able to enhance support for their ambitions and we look forward to Tim’s leadership on the front. Similarly, we are excited to welcome Nancy to this newly-created position to help drive and deliver solutions that address the unique needs of new economy companies as they look for growth,” said Brinkmann.
The bank has also appointed Alan Lin as the Asia Pacific Head of Core Cash Management, Wholesale Payments, reporting to Sridhar Kanthadai, Head of Wholesale Payments for Asia Pacific. With a career spanning 27 years, Lin has held global and regional management roles in transaction banking across product, sales and implementation. Based in Singapore, Lin will drive the firm’s core cash management strategy including global clearing, receivables, payables and foreign exchange.
“Alan has extensive experience in the region and we are pleased that he has joined the Wholesale Payments team at J.P. Morgan. With his deep knowledge of transaction banking and clear understanding of treasury needs, we look forward to his leadership in driving product innovation in our cash management business and delivering greater value to our clients,’’ said Kanthadai.
J.P. Morgan’s Wholesale Payments business processes a daily average of $6 trillion in payments globally across more than 120 currencies, and is the number one clearer of U.S. dollars by volume. In Asia Pacific, the bank has direct membership with over 50 clearing systems and serves nearly 1,000 regionally headquartered clients across 14 markets.