Laurence Bailey heads back down under

The head of JPMorgan''s custody business confirms suspicions with his strategic return to Sydney.

Laurence Bailey, head of investor services for Asia Pacific, will make a permanent shift to Sydney on 1 March to run JPMorgan's regional custody business from an Australian base.

The move marks a return to the city for Bailey who used to head the Australian operation before taking on the regional role. He moved to Hong Kong three years ago to get a better feel for the mechanics of each Asian market, but is now returning to Aussie shores.

I have been spending more than half of my time down in Sydney anyway, Bailey says. That's why this move is clearly not a departure from Asia but a logical...

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