J.P. Morgan has appointed two new senior roles for its Asia Pacific operations.
Nancy Cheng has been named in the newly-created role head of the new economy for corporate banking in Asia Pacific. She will be based in Hong Kong and will report directly to Oliver Brinkmann, head of corporate banking for APAC.
Cheng has over 20 years of industry experience, according to J.P. Morgan. Part of her duties will be to help drive and deliver solutions the address the needs of new economy companies, said Brinkmann in the press release.
The bank has also appointed Alan Lin as APAC head of core cash management, wholesale payments. He will be reporting to Sridhar Kanthadai, head of wholesale payments for APAC.
Lin has held global and regional management roles in transaction banking across product, sales, and implementation across a career spanning 27 years.
He will be based in Singapore and is expected to drive the firm’s core cash management strategy including global clearing, receivables, payables and foreign exchange.
J.P. Morgan’s Wholesale Payments business processes a daily average of $6t in payments globally across more than 120 currencies, and is the number one clearer of U.S. dollars by volume. In APAC, the bank reportedly has direct membership with over 50 clearing systems and serves nearly 1,000 regionally headquartered clients across 14 markets.
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