J.P. Morgan has appointed veteran transaction and corporate banker David Koh as its new head of treasury and securities services (TSS) China and as head of treasury services (TS) Greater China, effective immediately. Beijing-based Koh reports regionally to Tom DuCharme, J.P. Morgan’s chief executive for Asia-Pacific TSS, and in-country to Zili Shao, senior country officer for China.
Koh’s role as head of TSS for China involves overseeing delivery of client services, sales, products and operations across J.P. Morgan’s TS and worldwide securities services businesses. In his additional capacity as head of TS for Greater China, Koh will support the bank’s global, regional and large domestic clients in China, Hong Kong and Taiwan as they do business across these three locations.
Koh has almost 20 years of global and regional experience in transaction and corporate banking and replaces Lisa Robins who joined Deutsche Bank earlier in the summer. He joins following a four-year tenure at Deutsche Bank where he was most recently head of global transaction banking for China and head of trade finance, cash management, corporates for Greater China. Prior to his role at Deutsche, he spent almost 15 years at HSBC in a variety of management roles in the US, the UK, the Middle East, China, Hong Kong and Singapore.
“After opening our doors for business in China 90 years ago, the extended Greater China region has become an important cornerstone of J.P. Morgan’s international business and a core growth area for our global, regional and large domestic clients,” said DuCharme in a statement.
“David’s appointment to these two key roles will allow us to deepen our focus on our clients while providing a seamless client experience across the China, Hong Kong and Taiwan markets, making it easier, simpler and faster for our clients to do business in an increasingly competitive and complex global environment. We welcome David to the team, and we look forward to leveraging his extensive knowledge of the Greater China markets and his proven expertise in delivering innovative, integrated solutions for our clients,” he added.
Koh’s appointment follows a series of regional, country and product level appointments from J.P. Morgan in Asia-Pacific. These include Abdul Raof Latiff, head of TS for Asean; Nadia Schiavon, head of TS in Australia and New Zealand; and David Li, head of liquidity, Asia-Pacific, TSS. Over the first three quarters of 2011, J.P. Morgan TSS has grown its headcount in the region by approximately 400 personnel.