JP Morgan’s Greater China team has made two senior-level appointments in the mid of the second quarter. David Lau has been chosen as the head of global investment banking for Hong Kong and Esther Yeh will be the head of global investment banking for Taiwan. Earlier this year, Catherine Leung left the bank and Lau has been appointed to fill her position. Lau has been looking after JP Morgan’s corporate finance practice in China and will continue in this role as well. Yeh replaces Carl Chien, who has been promoted as the co-head of Greater China banking in April this year. Carl Chien will continue as the senior country officer for Taiwan.
According to Chien, the bank has registered a record revenue from investment banking this year from Asia Pacific. He welcomed the appointments and hinted at further selective hiring for strategic areas such as China which has emerged as one of the key regions for the bank to expand. The bank has been very busy in the second quarter. Last month, it jointly sponsored Huatai Securities’ initial public offering worth US$4.5 billion in Hong Kong. Also, it was the sole book runner on Fortescue’s secured senior notes transaction worth US$2.3 billion. It was the advisor and sole financer of ChemChina’s acquisition deal with Pirelli, one of the largest global tire manufacturers.
According to a statement released by the bank, the bank is positive that Lau and Yeh will strengthen partnerships across the franchise, and capitalize on the potential in the key markets.