Rebecca Lum has joined J.P. Morgan private bank as market manager for China, based in Hong Kong.
J.P. Morgan’s China private banking team will report to Lum in her new role. She is charged with delivering the firm’s investing, wealth transfer, credit and philanthropic services to wealthy clients of the US bank in the region.
J.P. Morgan private bank has a stated focus on ultra-high-net-worth (UHNW) clients with a net worth above $30 million. Lum will report to Andrew Cohen, chief executive officer of J.P. Morgan private bank in Asia and will join the Asia operating committee.
“China is a very important market,” said Cohen in a written statement. “The enormous opportunities in China make this market a key priority for our business in Asia. With her strong background in serving the most sophisticated [UHNW] clients and her in-depth knowledge of the market, Rebecca is well equipped to lead the efforts.”
Cohen himself was promoted to Asia CEO last year from his earlier role as head of the Southern California business for J.P. Morgan private bank.
Lum brings to J.P. Morgan more than two decades of experience in financial services, of which 12 years are in wealth management specifically covering offshore China. She was most recently a managing director at UBS wealth management, responsible for its offshore China business. Prior to that, she was an associate director for UBS debt capital markets. Lum has also worked at Citi, Crown Motors and American Express.