JPM’s Brian Gu joins Chinese car startup Xpeng

US bank's Asia-Pacific chairman of investment banking Brian Gu leaves to join high-flying Chinese electric car startup Xpeng Motors. $1b of additional fund raising seen this year.

Brian Gu, JP Morgan’s chairman of Asia-Pacific investment banking, has joined Chinese electric car startup Xpeng Motors as vice chairman and president, both companies said, becoming the latest high-profile departure from the investment banking community.

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