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Daily Dispatches: Head of Southeast Asia i-banking leaves J.P. Morgan

South East Asia

J.P. Morgan has lost a leader in Southeast Asia. Philip Lee, who was appointed head of investment banking for the region in 2001, has resigned after nearly 18 years with the US bank.

Rumours point to him going to Deutsche Bank, a firm which lost its own Singapore-based head of corporate and investment banking for Asia-Pacific, Loh Boon Chye, last year.

Although Loh has not been directly replaced, there’s no confirmation of Lee’s potential role at Deutsche. However, Lee’s experience and networks, and the fact that investment banking revenues have been strong in Southeast Asia since last year, suggest he would have negotiated a senior position.

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