JPMorgan Chase appoints Mark Leung as CEO in China

This follows the bank's plans to further grow its onshore business capabilities in China.

JPMorgan Chase announced plans to further grow its onshore business capabilities in China and has appointed Mark Leung as the chief executive officer of the country.

As the newly appointed CEO of China, Leung will be responsible for managing onshore and offshore activities in the country, helping to bring J.P. Morgan’s global network and resources to the country. He has been with J.P. Morgan for 21 years in a career that has taken him to Hong Kong, Singapore and Japan. Leung started his career in rates derivatives trading and has held trading roles in emerging markets, credit hybrids and equity derivatives.

Most recently, he served as the co-head of global equities & prime services with Jason Sippel, who will become the sole head of that business.