J.P. Morgan announced Friday the appointment of Frank Gong as vice-chairman of China investment banking and chairman of China diversified industry clients.
Gong moves over to the firm's China investment banking group after leading its China research franchise as chief economist and head of research and strategy for the past five years.
He joined J.P. Morgan as a managing director in 2004. In his new role, Gong will report to Fang Fang, chief executive officer of J.P. Morgan China.
Gong will focus on expanding the coverage of the firm's corporate clients in China and work with other product and industry specialists to increase revenues across all investment banking products.
"We are delighted to have Frank as part of our investment banking team. His understanding and unique insights into China's macroeconomics and business environment is an invaluable asset for the team," said Fang. "Frank will add strength and experience to our China investment banking platform and help build on the great progress the team has made in China."
The firm also announced that Gong's responsibilities in China economic research will be handled by Qian Wang, who becomes senior China economist, reporting to David Fernandez, head of economic research and market strategy for emerging Asia.
In equities, Frank Li is being promoted to head of China research, reporting to Sunil Garg, head of equity research for Asia ex-Japan.