SINGAPORE – J.P. Morgan Treasury Services is reinforcing its senior Southeast Asia management team in recognition of the potential strength of the region.
Southeast Asia is a region that is continuing to emerge as an operational hub for large global multinational corporations (MNCs), and for large domestic companies in Asia seeking to tap new markets.
Recently, JP Morgan redeployed some of its best senior managers to the booming region.
It appointed Abdul Raof Latiff as head of Treasury Services for ASEAN, Hooi Ching Wong as head of Treasury Services for Malaysia, and Nadia Schiavon, as head of Treasury Services for Australia & New Zealand.
“The appointments of Latiff and Wong will further strengthen J.P. Morgan’s Southeast Asia capabilities, a region which is continuing to emerge as an operational hub for large global multinational corporations (MNCs) expanding their presence in the region and for large domestic companies in Asia seeking to tap new markets to leverage the region’s growth prospects,” it said in a statement.
Latiff will be responsible for enhancing JP Morgan’s end-to-end client service experience, supporting regional and domestic product and sales initiatives and guiding the firm’s broader growth strategy across a number of markets, namely Singapore, Malaysia, Philippines, Indonesia, Thailand, Vietnam and Pakistan.
He will report directly to J.P. Morgan Treasury & Securities Services chief executive officer for Asia Pacific Tom DuCharme, and in the continued build out of its Global Corporate Bank.
Meanwhile, Wong will oversee the development of J.P. Morgan Chase Bank Berhad’s operations, which is an important growth market. Schiavon will be responsible for leading the firm’s business across Australia and New Zealand as head of Treasury Services. She will also work closely with the Investment Bank and Worldwide Securities Services to further leverage the strong relationships the firm holds with corporates, banks and non-bank financial institutions.
DuCharme said that the new deployments mark JP Morgan’s aggressive international growth agenda.
“By further aligning our global and regional capabilities with a more sharply focused domestic market presence across Asia Pacific, we can enhance the range of services we offer to our cross-border clients as they continue to identify growth opportunities and execute their expansion plans,” he added.
Earlier this year, JP Morgan brought in senior personnel for its regional sales team in areas of cash management and liquidity management.
The new regional management team reflects JP Morgan’s ongoing commitment to building a leading client service operation that leverages a strong in-country offering with the firm’s global solutions and network. This year, J.P. Morgan Treasury & Securities Services, which comprises both the TS and Worldwide Securities Services businesses, has grown its headcount by approximately 350 financial professionals across Asia Pacific.