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JPMorgan’s China Investment Banking CEO Fang Fang to Leave Firm
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Fang Fang, JPMorgan Chase & Co.’s chief executive officer of investment banking for China, is leaving after more than 12 years at the firm.
The 48-year-old banker told New York-based JPMorgan that he wanted to retire, according to an internal memo obtained by Bloomberg News today. Frank Gong was named chairman of China investment banking in the message from Therese Esperdy, co-head of Asia-Pacific banking at the firm. Marie Cheung, a spokeswoman in Hong Kong, confirmed the contents of the memo.