In recognition of the great work Philip Lee has done as head of investment banking for JPMorgan in Southeast Asia, the bank has promoted him to the newly created post of CEO for Southeast Asia. He will retain his role as head of investment banking while taking on the new position. In this he will gain oversight of all ECM, DCM and M&A business as well as all the broking, transactional banking and asset management business the bank undertakes in the region.

While he will co-ordinate with the specialist leaders in all those areas, the CEO's role will be a primarily client facing position, with a special emphasis on government relations and new strategic initiatives. .

"This appointment underscores the firm's successful platform for Southeast Asia under Philip's leadership," says Ralph Parks, Chairman of JPMorgan, Asia Pacific. "We're delighted to recognize Philip as one of our proven business leaders."

Lee has been with JPMorgan since 1995. He has been the head of investment banking for the past three years. Prior to joining the bank he was CSFB's head of Malaysian investment banking.

Under Lee's hard working but exuberant leadership, JPMorgan has led some of the more important deals out of the region this year, including the $1 billion sovereign bond from Indonesia, the S$792 million exchangeable bonds for Temasek into Keppel Corporation shares and Genting's $300 million exchangeable bonds for Resorts World shares.