J.P. Morgan hires Citi's Mark Wuscher for its global corporate bank

Corporate banking in Asia is heating up with J.P. Morgan's appointment of Mark Wuscher to a new position as Asia-Pacific segment head for corporates in the bank's trade and treasury services business. The hire is J.P. Morgan's latest move as it seeks to create a global corporate bank.

Wuscher joins from Citi where he was a director and head of treasury and trade solutions within the global transaction services division in Korea. He has also worked in corporate sales and trade product management at Citi.

At J.P. Morgan, Wuscher will be based in Hong Kong and will be responsible for sales, product management and client service organisation for all of the bank's multinational and...