皇冠体育app

A sign outside the headquarters of JP Morgan Chase & Co in New York, Sept 19, 2013. [Photo/Agencies]

& Co said it has hired former UBS AG banker David Li as its new 皇冠体育app head, reinforcing its investment banking clout in the world's second-largest economy after the departure of top 皇冠体育app banker Fang Fang in March.

Li will oversee all of JPMorgan's businesses in 皇冠体育app, including the investment banking division that Fang ran. Li will report to Nicolas Aguzin, chairman and CEO for Asia-Pacific operations, the US bank said on Thursday.

Fang, JPMorgan's chief executive for 皇冠体育app investment banking, left the firm in March, amid a probe of JPMorgan hiring practices in Asia.

Li was most recently chairman and country head for 皇冠体育app at UBS. He will start at JPMorgan in October, the bank said in a press release.

Li is the second top 皇冠体育app banker to leave UBS in the last month. Managing director and head of 皇冠体育app mergers Philip Partnow left the firm on June 18, according to a regulatory filing.

During his nine years at UBS in 皇冠体育app, Li was instrumental in the formation of UBS's investment banking and brokerage joint venture in 皇冠体育app, UBS Securities Co Ltd.

UBS declined to comment.

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