J.P. Morgan has appointed Hans Janssens as the new head of treasury and securities services (TSS) in Japan. He replaces Ricky Kaura who was appointed regional head of J.P. Morgan’s treasury services in Indochina, Indonesia, Malaysia, Pakistan, the Philippines, Singapore and Thailand in mid-July.
“I am delighted to have Hans join our Asia-Pacific team. The TSS Japan franchise is a core component of our regional footprint, and it is a market that continues to demonstrate strong growth potential,” said Thomas DuCharme, Asia-Pacific chief executive of J.P. Morgan TSS, in a statement. “With Hans at the helm, I am confident that we will continue to grow our business by leveraging the reach of our global platform with the depth of our local market expertise, as we continue to deliver seamless and integrated client-focused solutions.”
Janssens was most recently chief financial officer for J.P. Morgan in Japan, a role he held for four years. He will now be responsible for the financial performance of TSS in Japan, running day-to-day operations of the treasury services franchise and overseeing the worldwide securities services (WSS) business, which is headed by Fumihiko Yonezawa, head of WSS in Japan.
Muneyuki Kuzushima has assumed the role of CFO. This will be in addition to his current responsibilities as J.P. Morgan’s chief operations and control officer in Japan.
“We see opportunities for J.P. Morgan in Japan as one of the leading foreign financial institutions in the country,” said Christopher Harvey, senior country officer for the bank’s operations in Japan, in a statement. “Under the leadership of Hans, J.P. Morgan will strive to further enhance its business and client franchise in Japan, capitalising on our global connectivity and client-focused culture.”
Janssens has more than 20 years of experience in Japan, 16 of those with J.P. Morgan where he previously worked as an interest rates derivatives trader. He then moved into risk control positions in the investment bank before becoming deputy chief executive of a joint venture operation between the bank and a Japanese insurance company.
He reports to DuCharme regionally and Harvey locally and oversees a team of around 100 TSS staff in Japan.
J.P. Morgan is looking to expand its TSS business in Asia-Pacific and has already hired 500 financial professionals in Asia-Pacific in the past year to broaden its regional coverage.