JPMorgan appoints Elaine Zhang as China market leader for Singapore

JPMORGAN Private Bank on Tuesday named Elaine Zhang as its new China market leader for Singapore.

Joining the firm as a managing director, Ms Zhang is expected to start the new role in August and will report to JPMorgan Private Bank's head of Singapore and South-east Asia, James Wey.

She holds more than 20 years of experience in the private banking industry, including servicing ultra-high net worth Chinese clients and leading successful teams of China market relationship managers.

"The China market is very important to JPMorgan and we are proud to provide industry-leading offshore private banking services to meet the growing demand from Chinese clients who have business or personal interests in Singapore," said Mr Wey in a press statement.

"Elaine's long-standing wealth management expertise, passion for client service and deep connections across the China market in Singapore make her ideally positioned to help us continue to grow our business and best serve our clients."

Ms Zhang was most recently a market leader for Greater China in Singapore at Credit Suisse, where she worked for more than 10 years. She previously served in banking roles at American Express Private Banking, DBS and Bank of China.

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In December 2020, JPMorgan announced plans to double the number of private bankers serving Chinese clients from Singapore over the next two years. The China team is among the latest additions to JPMorgan Private Bank in Singapore.