Kester Ng, J.P. Morgan’s chairman of equity capital markets ECM for Asia-Pacific, is leaving the firm after seven years to pursue entrepreneurial opportunities outside the investment banking industry, according to an internal announcement.
A person familiar with the move said Ng will be putting more time into a life-style-focused real estate business of which he has been a silent partner for some time. He now aims to become more actively involved.
The ECM industry in Asia has seen significant structural changes in the past 12-18 months, including shrinking fees and the use of more bookrunners on every deal, which is making it more and more difficult...
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