J.P. Morgan hires Jing Zhao as head of FIG for Asia ex-Japan

J.P. Morgan has hired Citis Jing Zhao to head up its financial institutions group FIG for emerging Asia, according to an internal announcement yesterday. Emerging Asia is J.P. Morgan’s name for Asia ex-Japan, which means Zhao will take over part of Olivier de Grivel’s former job. De Grivel was head of FIG for Asia-Pacific before he retired from the firm earlier this year.

J.P. Morgan will no longer have someone to oversee FIG for the entire region, but the division is now part of the responsibilities of the two co-heads of investment banking. FIG was not part of investment banking before the firm introduced the co-head structure during the...