JP Morgan hires StanChart's Flavel in Asian high-net-worth push


JP Morgan will pursue a build-out of its high-net-worth (HNW) business in the Asia-Pacific region, targeting China, India, Australia and Indonesia. As part of this effort, the bank has hired Peter Flavel in a newly created role as Asia chief executive of Private Wealth Management.

Based in Hong Kong, Flavel will report to Douglas Wurth, chief executive officer of International Private Bank at JP Morgan, who relocated to Hong Kong early this year. Flavel's appointment follows the bank's naming of

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