In line with its global Treasury Services organization structure, JPMorgan has created the role of public sector sales head and handed the responsibility to Yung Sheng Lee.

Lee will build a new customer base in Asia focusing on central/development banks, government agencies and enterprises (such as finance, transport, health and welfare), post offices, and state pensions and insurance agencies. He will report to both Michael

Whitehead, JPMorgan's regional head of sales for financial institutions, and Simon Jones, regional head of sales for corporates.

Up until now, Lee has worked as a senior sales/relationship manager and focused on key top-tier corporate accounts globally. He joined JPMorgan in November 2001.

Prior to working with JPMorgan, Lee co-founded an internet payments company, Vcheq.com, in Singapore. He was the COO of Vcheq.com, responsible for sales, operations and technology, including the marketing innovative payments solutions to local and foreign financial institutions.

His prior experience with OCBC e-ventures as a vice president provided broad exposure to many internet and financial services ventures in both wholesale and consumer banking services. Lee started his career at Citibank in Singapore in its Management Associate program and held numerous positions in the consumer bank.

Lee assumes the new public sector sales role immediately and will continue to manage the Singapore/Malaysia local corporate portfolio. Responsibility for Korean corporate sales, another of Lee's beats, will be assumed by Sang-Dong Ji in Seoul.