HONG KONG (Reuters) – J.P. Morgan Asset Management (JPMAM) appointed Desiree Wang as its China chief executive, a few months after the U.S. asset manager won approval to operate its fully owned fund management unit in China.
Wang, most recently China country head for JPMAM, replaced Eddy Wong, who came to lead the onshore fund business in 2019, the company said in a statement.
Meanwhile, JPMAM also appointed Wong as its head of Asia Pacific institutional business.
Both appointments took immediate effect.
The Wall Street bank acquired 100% ownership of its China funds management joint venture in January.