J.P. Morgan's asset management arm appointed a new chief executive of Asia Pacific. He takes over from the current head, who is defecting to British insurer Prudential.
The American bank on Thursday named Dan Watkins as chief executive officer of Asia Pacific in asset management. Watkins is currently the operating chief of the unit in Europe, the Middle East, and Africa.
Relocating from London to Hong Kong, he will report to George Gatch, chief executive of the unit's global funds and global institutional businesses.
«As we continue to grow in Asia Pacific, Dan is the ideal leader to leverage our global network and capabilities using our unparalleled local market teams and presence. He also brings a strong track record of successfully implementing transformational business change projects,» said Gatch.
Experience with UCITS
Watkins replaces Michael Falcon, was hired to run London-based insurer Prudential's North American business from next year. He has served for more than a decade on the management board of J.P. Morgan's Luxembourg-domiciled UCITS fund range.
His expertise with governance and distribution of the European investment schemes will be relevant to Asia Pacific, where approximately 40 percent of the firm's client assets under management are in UCITS funds.
