JPMorgan Chase has brought in the former Goldman Sachs Managing Director, Houston Huang, who will serve as its newest Head of Global Investment Banking in China, according to a recent Reuters report.
The decision to join JPMorgan by Mr. Huang comes less than a week after he relinquished his position at Goldman Sachs last Friday. At Goldman Sachs, Mr. Huang helped cover Chinese industrial companies as part of a four year career at the lender that saw him focusing extensively on the region – he has also specialized in several merger and acquisition (M&A) deals in China.
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In his new role at JPMorgan as the Head of Global Investment Banking – China, Mr. Huang will be reporting to David Li, Chairman and Chief Executive for China and co-Head of Banking for Greater China at JPMorgan.
Prior to joining Goldman Sachs in 2011, Mr. Huang also held senior level roles at China International Capital Corp (CICC) for nearly a decade. In this capacity he was also an integral component of CICC’s management team in its investment banking sector.
The appointment of Mr. Huang snaps an exodus of personnel from JPMorgan, having seen a number of key departures already in 2015. Back in July, the lender brought in Killian O’Connor as its Vice President of the FX Macro Hedge Fund Sales desk based in London.