JPMorgan's Korean country head, Kim Hong, is moving to Hong Kong to replace Guido Haller. In his new role Hong will lead the bank's regional structured finance team, as well as the Asia ex-Japan investor clients group.

After four years in Hong Kong, Haller is returning to JPMorgan's London office to join the European credit and rates business. Hong arrives in Hong Kong as his replacement with three years' experience running JPMorgan's wholesale banking business in Korea.

He advised Shinhan Financial Group on its acquisition of Cho Hung Bank from the Korean government in 2003 and led the firm's overall client effort in credit and rates, and investment banking.

With Hong leaving the Seoul office, Steve Lim, head of investment banking, and Myung Han Kim, head of FX, derivatives, fixed income and futures sales and trading, will work together as co-country heads for Korea.