Securities Times Securities News, Securities News reported that JPMorgan Chase announced today that it has appointed Ms. Chen Yanni and Mr. He Yaodong as co CEOs of the China region, effective April 1, 2024.
It is reported that Chen Yanni and He Yaodong will serve as the chairpersons of the China Operations Committee to jointly promote the further development of the company's overall business in China and better allocate JPMorgan Chase's global network and resource advantages to China. Chen Yanni and He Yaodong will report to Mr. Sjoerd Leenart, CEO of JPMorgan Chase Asia Pacific, and serve as members of the JPMorgan Chase Asia Pacific Leadership and Management Committee.
Earlier this year, J.P. Morgan's CEO in China, Leung Chih wen, announced that he will retire within the year. In the coming months, Chen Yanni and He Yaodong will work together with Mr. Liang Zhiwen to ensure the smooth handover of various responsibilities.
In terms of resume, Chen Yanni joined JPMorgan Chase in 2020 as the Head of Real Estate Investment Banking in the Asia Pacific region. She further expanded her responsibilities and also served as the Head of Consumer and Retail Investment Banking in the Asia Pacific region.
JPMorgan Chase stated that Chen Yanni has been working in the capital market for over 20 years, and the company believes that her profound understanding of the banking industry, comprehensive professional knowledge in the company's financial field, extensive industry resources, and excellent customer communication skills will help her elevate the strategic dialogue between the company and Chinese clients and regulatory authorities to new heights in her new position.
He Yaodong has over 25 years of rich experience in the financial industry and has held multiple senior management positions at JPMorgan Chase, including Chief Operating Officer in China, Director of Financial Control in the Asia Pacific region, Chief Financial Officer in the Asia Pacific region, and Chief Administrative Officer in the Asia Pacific region. He is also a member of the Asia Pacific Leadership and Management Committee of JPMorgan Chase.
JPMorgan Chase stated that the company believes that his rich experience in cross business, cross regional, and cross departmental management will bring valuable value to his new position. Meanwhile, He Yaodong will continue to serve as the Chief Financial Officer of the Asia Pacific region.