JPMorgan Chase Hires David Yi Li To Lead China Operations

JPMorgan Chase has hired David Yi Li, a top investment banker from UBS, to head its China operations. Li will serve as senior country officer for China and chairman of the bank’s local management committee in the country. Li was most recently the chairman and country head for China at UBS, as well as chairman of the Swiss bank’s joint-venture brokerage business in mainland China. Li’s appointment comes after JPMorgan’s former chief executive for China investment banking, Fang Fang, was arrested as part of an investigation by Hong Kong’s anti-graft agency in May.