Mark Leung, CEO of JPMorgan China, says acquiring full ownership of its operations in the mainland is important for the bank to deliver a seamless experience for its clients. Photo: Jonathan Wong
JPMorgan targeting full ownership of mainland operations as it completes 100 years in China
- US bank plans to take full ownership of its mainland operations from securities to asset management next year, says Mark Leung, JPMorgan’s China CEO
- In December, JPMorgan received approval in China for a majority-owned securities licence, becoming only the third foreign bank after UBS and Nomura
Mark Leung, CEO of JPMorgan China, says acquiring full ownership of its operations in the mainland is important for the bank to deliver a seamless experience for its clients. Photo: Jonathan Wong
