JP Morgan Private Bank appoints new chief executive for Asia

JP MORGAN Private Bank on Monday (Oct 30) named Harshika Patel as Asia chief executive officer (CEO). She takes over from Kam Shing Kwang, who has been appointed chairperson of North Asia.

Patel will continue to be CEO of JP Morgan Hong Kong, a role she took on concurrently as head of strategy at JP Morgan Asia.

In her new role, Patel will report to Martin Marron, chief executive of the international private bank and Filippo Gori, JP Morgan’s Asia-Pacific CEO. She joined JP Morgan in 2013 and has more than three decades of experience in financial services across financial centres such as London, Singapore and Hong Kong.

Kam, meanwhile, will report to Gori and advise on the private bank’s strategic agenda as well as strengthen key stakeholder relationships in the region. She has been with JP Morgan for 25 years, holding senior positions between Singapore and Hong Kong.

Marron said the Asia private bank operates in a key region for JP Morgan’s private banking business, which oversees more than US$2.2 trillion in client assets globally.

“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,” he added.