Asia has been a tremendous investment for us, was the message JPMorgans co-chief executive, Donald Layton delivered in Hong Kong on Friday. We believe that despite its volatility it is a high growth rate area. Thats why we have 8500 people in the region.
He noted the firm has faced a change of leadership in the region, with Asia chairman Anthony Leung becoming Hong Kongs financial secretary. However, he was philosophical about this.
I got a call from Anthony one night to say hed been approached to be the financial secretary. I get a lot of calls from people who say they are going to competitors. I have arguments...
