J. Safra Sarasin Nets J.P. Morgan Trio in Hong Kong
Basel-based J. Safra Sarasin has hired three wealth management veterans in Asia who previously worked at J.P. Morgan Private Bank.
Bank J. Safra Sarasin has appointed May Hsu as chairman Asia, according to a statement. She succeeds longtime private banking veteran and former APAC chair of BNP Paribas Wealth Management Mignonne Cheng who has been promoted to executive chairman Asia.
Hsu has nearly 40 years of wealth management experience, most recently as vice chairman, Asia at J.P. Morgan Private Bank.
Former Colleagues
The bank also hired Guo Quan Ng and Lawrence Lee as part of a new team that will further drive business development in the Greater China markets. Both Ng and Hsu report to Andy Chai, CEO Asia and member of J. Safra Sarasin's executive committee. Ng has more than 16 years of experience in the financial industry, including 14 years at J.P. Morgan Private Bank. Lee has almost 30 years of financial experience, including over 20 years at J.P. Morgan Private Bank.
«The promotion of Mignonne Cheng and the appointment of May Hsu and her accomplished team is a pivotal step in the Bank’s vision to deepen its presence in Asia,» commented Daniel Belfer, CEO of Bank J. Safra Sarasin.
«In the past 5 years, our business in Asia has grown by multiple fold. Today, we warmly welcome May Hsu, Guo Quan Ng and Lawrence Lee, whose expertise and vision will help drive our continued growth across diverse markets in Asia,» Chai added.
