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Morning Coffee: J.P. Morgan gets set to hire in Hong Kong

JPMorgan gets set to hire in Hong Kong

Get set...hire

The next few months may be an opportune time for elite bankers to try to join J.P. Morgan in Hong Kong. Carl Chien, J.P. Morgan’s co-head of Greater China, says the firm will be adding to its upper ranks in the city in the near future.

Chien told the Wall Street Journal that while the bank is “pretty well-positioned in Hong Kong and Taiwan” in terms of its investment banking headcount, he hopes to make a “handful” of senior hires in coming months. Expect these new recruits to come with mainland Chinese networks and vast experience in cross-border deal-making. And expect them to move at a (high) price – most other investment banks in Hong Kong are also searching for bankers who know the mainland.

J.P. Morgan has already been hiring in North Asia – it announced on Monday that it had poached Ling Zhang from Citi as managing director and head of China healthcare. Chien told the WSJ that healthcare and technology are two areas of focus for the firm in Greater China. The bank has also made a senior internal appointment: yesterday it named David Lau as head of global investment banking for Hong Kong, replacing Catherine Leung who left the firm amid an investigation into its hiring in Asia.


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