JPM hires China chief

JP Morgan hires David Li as China chief

The appointment is the latest move taken by the US bank to reinforce its China business amid regulators' hiring probes.

JP Morgan has appointed David Li as senior country officer for China, in an attempt to leverage his experience to drive the bank’s businesses in the country.

Li joins from UBS, where he worked for nine years the latest role as chairman and country head of China.

He will chair the bank’s local management committee and report to Nicolas Aguzin, JP Morgan’s chairman and CEO for Asia-Pacific. He will remain in Beijing upon joining in October.

“In the next 10 to 15 years, people are expecting China to experience some fundamental transformation,” Aguzin told FinanceAsia in an email. “David is going to...

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