JP Morgan on Monday named Frank FX Gong Chairman of Investment Banking in China after its most senior investment banker in the country, Fang Fang, retired after 12 years with the firm, according to an internal email seen by FinanceAsia.
The management reorganisation is taking place just as the US Securities and Exchange Commission investigates whether JP Morgan breached the Foreign Corrupt Practices Act by hiring the children of Chinese government officials in order to win investment banking contracts.
JP Morgan has handed the SEC emails sent by Fang and related to the firm’s hires in China as part of a massive data dump in...
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