J.P. Morgan Treasury Services has announced several key appointments to its Asia Pacific management team, aimed at accelerating the firms international growth agenda, deepening the firms focus on its clients, and creating a closer alignment between the TS business and its clients.
Margaret Yao has been named Regional Sales Executive, Asia Pacific, responsible for enhancing the client experience, building and expanding the firms key client list and unifying sales management across the region. With approximately 25 years experience in the financial industry, both in sales and product functions, Yao was most recently Head of Liquidity Management, Asia Pacific. She will continue to be based in Hong Kong and will report to Tom DuCharme, Chief Executive Officer, Asia Pacific, Treasury & Securities Services.
Hendra Lembong has joined the firm as Asia Pacific Head of Cash Management, covering Core Cash and Liquidity Management. Lembong will leverage the synergies across J.P. Morgans wide product range, while at the same time transitioning the business to a single model revolving around cash management. Previous from Citibank and Deutsche Bank, Lembong will be based in Singapore and will report regionally to DuCharme and globally to Linda McLaughlin-Moore, who is taking on a new position as Head of International Cash Management, based in New York.
Adrian Godfrey has also joined as Asia Pacific Head of Client Service and Implementation Management for J.P. Morgans TS business. Based in Singapore and reporting to DuCharme regionally, Godfrey has been with J.P. Morgan for almost 25 years, with much of his time spent in sales andclient servicing roles. DuCharme said: I am delighted to have Margaret, Hendra and Adrian join my Asia Pacific management team. Each brings to the table a tremendous depth of experience, and each is a proven performer who understands what our clients are looking for as their businesses grow. With clear accountability across our product, sales and country teams, we can better synchronize our market leading capabilities with the services that we offer to our clients, creating a deeper, holistic global solution for our clients that is supported by experienced teams of local market professionals.
The announcement follows last years appointment of Pravin Advani as Global Trade Executive, Asia for J.P. Morgan Treasury Services. Under Advanis leadership, the firm has attracted significant new business across the region and has hired approximately 25 trade finance specialists in regional, country, product and service functions.
J.P. Morgan TSS, which comprises the TS and Worldwide Securities Services businesses, has embarked on an aggressive Asia Pacific growth plan, under which the firm is expanding its local on-ground presence, enhancing its range of market leading products and elevating its client servicing capabilities. During 2010, J.P. Morgan TSS hired an additional 600 financial professionals in Asia Pacific to broaden its regional coverage and further develop its partnership with clients. J.P. Morgan TSS provides solutions to corporate and institutional clients across the region.