Laurence Bailey heads back down under

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 …