JP Morgan Private Bank will see its Asia-Pacific deputy chief executive leave this month to take over as CEO of UK private bank Coutts.
Tag : peter flavel
The firm has doubled regional headcount in the past three years, with the main focus on building its Singapore presence to a level similar to that in Hong Kong.
The former head of Standard Chartered Private Bank will run the new, dedicated high-net-worth unit at JP Morgan's private-wealth arm, after overseeing rapid expansion at his previous firm.
Standard Chartered Private Bank already has 350 relationship managers and aims to add another 100 over the next year, says global head Peter Flavel.
