J.P. Morgan has appointed David Li as head of liquidity for the bank's Asia-Pacific treasury and securities services (TSS). Li has more than 20 years of experience at financial institutions and corporations in Asia-Pacific and Europe. He joined J.P. Morgan from Citi where he was most recently Asia foreign exchange segment manager for global corporate and custodial clients.
Li is based in Singapore in his new role and will lead J.P. Morgan’s TSS liquidity and investments business in the region. He is responsible for the strategic development and in-country roll-out of the US institution’s liquidity platforms across Asia-Pacific with a focus on expanding the firm’s presence in Southeast Asia.
Li reports regionally to Hendra Lembong, Asia-Pacific head of cash management at J.P. Morgan treasury services (TS), who joined the firm from Deutsche Bank in March this year, and globally to Phillip Lindow, liquidity executive at J.P. Morgan TSS.
In addition, Hwee Choo Quek was appointed product manager, escrow for Asean at J.P. Morgan TSS. Quek has more than 20 years of corporate banking and securities services experience and joined J.P. Morgan from the Bank of New York Mellon where she was responsible for the strategic relationship management of key intermediaries in Asia-Pacific.
In her new role, Quek will be based in Singapore and will lead the development of J.P. Morgan’s escrow services and support product expansion in Southeast Asia. She reports regionally to Kevan Albrighton, Asia-Pacific senior business manager, escrow, and Abdul Raof Latiff, who was appointed head of TS for Asean at the beginning of this month. She will also report globally to Faisal Ansari, international product executive, escrow.
“We’re pleased to welcome both David and Hwee Choo to our Asia-Pacific and Asean teams during what is an exciting period for J.P. Morgan,” said Tom DuCharme, Asia-Pacific chief executive for J.P. Morgan TSS. “Our continued focus on our clients, sustained investment in further developing our product capabilities and our commitment to growing strong, in-country team positions us well to collaborate even more closely with our clients in the markets in which they seek to do business.”