jing zhao

Frank Gong is JP Morgan's new chairman of investment banking in China after its top deal-maker in the country, Fang Fang, retired. The management shakeup takes place as US regulators investigate the bank’s overseas hiring practices.

Zhao joins J.P. Morgan from Citi, where she was co-head of FIG for Asia ex-Japan with a key focus on China.

Jing Zhao and Simon Yoo will become co-heads of Citi's financial institutions group in Asia-Pacific, replacing Dan McNamara who recently joined Nomura.