JPMorgan Treasury Services (TS) made several new hires in cities in the Asia-Pacific region, the company announced today. In 2010, the group hired 600 financial professionals in the region and plans to continue the hiring through 2011.
Timothy Lee has been appointed head of TS Hong Kong, and he will be responsible for implementing the firm's growth plan and generating new business in the China market. He has worked at Citigroup, HSBC and Deutsche Bank. He will be based in Hong Kong and report to Tom DuCharme, CEO, Asia Pacific, JPMorgan Treasury & Securities Services (TSS).
Ducharme himself joined the firm just last June from Deutsche Bank, where he had been Asia-Pacific head of transaction banking. His hire signaled the importance of the corporate banking growth initiative at the firm.
Emily Wang will serve in the newly-created role of head of TSS Taiwan. She has served as chief operating officer for Taiwan since 2005 and has worked at JPMorgan for the last 11 years. She will work with Taiwanese companies to grow their businesses internationally. She will also report to DuCharme.
Suratun Kongton will fill the newly-created role of head of TS Thailand. He will work on expanding the firm's cash management and trade finance operations in Thailand. He joined JPmorgan last year from Tokyo Mitsubishi and has worked at Citi, HSBC and Deutsche Bank. He will report to Singapore-based Ricky Kaura, head of treasury services for ASEAN and Pakistan. Since last July, when Pravin Advani was appointed to lead the global trade team in Asia, the division has hired 25 trade finance specialists across Asia.
Van Phan has been appointed as head of TS Vietnam, another newly-created role. She will build out the firm's foreign exchange and local lending services in the country. She joined JPMorgan as corporate banker in 2007 after serving as CEO of Sacombank, the Vietnamese bank. She will report to Kaura.
The recent country roles complete the domestic build-out of the group. In November of last year, TSS named Hans Janssens to serve as head of TSS Japan. Prior to his appointment, Janssens had served as CFO for JPMorgan in Japan and has also worked as an interest rates derivatives trader at the firm.
Earlier this month, the firm appointed three people to its Asia Pacific management team who are responsible for building client lists and the driving international growth plan forward.
Write to Julie Steinberg