- June 22, 2021
- Posted by: Stratford Team
- Category: Business
JPMorgan is establishing 23 Wall in Hong Kong as Asian family offices come of age.
23 Wall – named after the bank’s iconic former headquarters in Manhattan – is a joint venture between JPMorgan’s investment banking and private banking divisions that sits within its institutional wealth management arm.
Staffed by a select group of investment bankers and private equity specialists, 23 Wall is responsible for the origination and execution of capital markets and mergers and acquisitions for family offices which are clients or prospects of the private bank. JPMorgan also has 23 Wall Private investments, which invests clients’ money institutionally across capital markets, both debt and equity.
The U.S. bank is looking to recruit a managing director and an executive director in Hong Kong for 23 Wall as it builds the team in Asia.
The initiative was launched globally 2020, and is now being rolled out in Hong Kong at a time when Asia…