Apr 1, 2013

ASEAN - J.P.Morgan Creates New Greater China, ASEAN Head Roles

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JPMorgan Chase has created positions for a Greater China head as well as a new ASEAN head to take advantage of increased trade flows and greater cross-border client activity across the region, according to a memo seen by the Wall Street Journal on Thursday.

The bank has appointed Greg Guyett as chief executive officer for the Greater China region and Rob Priestley to be CEO of ASEAN.

Mr. Guyett, who was head of global corporate bank for the past three years, will relocate to the region from London. Mr. Guyett is a 27-year veteran at JPMorgan and has helped in JPMorgan’s foray outside the U.S into corporate banking. He was senior country officer for Japan at JPMorgan before that.

Mr Priestley, currently in Sydney running the Wall Street bank’s Australia and New Zealand business, will become the CEO for ASEAN. In his 20-year career at JPMorgan he has held various senior roles across the world, including Asia Pacific regional head of fixed income and regional head of global emerging markets in Europe, Africa and the Middle East. He will continue to be based in Sydney.

The two new Asia heads will report to Nicolas Aguzin, JPMorgan’s recently appointed Asia Pacific CEO.

“When we look at how our client businesses evolve across the region, we see the need for greater connectivity between the markets,” said Nicolas Aguzin, Asia CEO at JPMorgan. “We want to follow what our clients are doing and have the appropriate structure and strategy to meet their needs.”

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