JPMorgan hires La Roche as vice-chairman for China

The ex-Morgan Stanley managing director and CICC executive is brought on board to help accelerate the bank's expansion in China.

JPMorgan has hired Elaine La Roche as vice-chairman of JPMorgan China Securities, according to an internal announcement. The appointment comes as the US investment bank is trying to speed up its expansion in China after it received approval to set up a locally incorporated bank in Beijing in mid-2007 and was appointed a primary dealer of government bonds two months ago.

La Roche has an extensive investment banking background in both China and the US and was a...

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