• Published on 31 October 2023
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J.P. Morgan Private Bank appoints new Asia CEO

J.P. Morgan announced the appointment of Harshika Patel as the new CEO of the Asia Private Bank and Kam Shing Kwang as the chairwoman of North Asia at J.P. Morgan.

Patel succeeds Kwang who has been the CEO of Asia Private Bank for six and a half years. In this role, Patel will report to Martin Marron, CEO of the International Private Bank and Filippo Gori, CEO of J.P. Morgan in Asia Pacific, regionally. Patel joins the private bank from the J.P. Morgan corporate and investment banking business in Asia. She will also retain her existing role as CEO of J.P. Morgan Hong Kong.

Prior to the appointment, Patel served as the head of strategy, Asia at J.P. Morgan. She joined the firm in 2013 and has over 30 years of experience in financial services, holding senior roles across different regions and global financial centres including London, Singapore and Hong Kong.

Kwang will take on the role of chairwoman of North Asia at J.P. Morgan, reporting to Gori. In her new role, Kwang will advise on the firm’s strategic agenda and continue to strengthen key stakeholder relationships in the region. She has been with the firm for 25 years, and has held various senior positions between Hong Kong and Singapore.

Mary Callahan Erdoes, CEO of J.P. Morgan asset and wealth management said: “Kam Shing’s leadership, passion for our business and relentless commitment have helped catapult our Asia Private Bank and its exceptional growth. We thank her for her many contributions thus far and are excited to continue to benefit from her strategic guidance in her new role as J.P. Morgan’s chair of North Asia.”

“The Asia Private Bank operates in a key region for J.P. Morgan's private banking business, which oversees more than $2.2 trillion in client assets globally,” said Marron.

“With a smooth transition and under Harshika’s leadership, we look forward to furthering our success as she brings her versatile client management capabilities, leadership expertise and focus on excellence to her new role.”

“It’s fantastic to work and partner with two such exceptional executives as Harshika and Kam Shing. The insights and experience they bring to their new roles will be invaluable as we continue to invest and build out our business in this region, which is a key focus for the firm globally,” said Gori.

Re-disseminated by The Asian Banker