J.P. Morgan has hired a former private banking veteran from Goldman Sachs in Hong Kong.

J.P. Morgan Private Bank has appointed Florence Kui as head of China market, according to a statement, effective at the end of May. Based in Hong Kong, she will report to Harshika Patel, Asia private banking CEO and Hong Kong CEO. In the role, Kui will be responsible for leading and growing the regional team while working closely with the advisory team to deliver tailored solutions with a focus on building and deepening client relationships. 

Kui will succeed Grace Lin who will retire from her role in mid-2024 after a multi-decade career and eight years with J.P. Morgan Private Bank in Asia.

Ex-Goldman Private Banker

Kui has nearly three decades of industry experience including 25 years with Goldman Sachs, last as the chief operating officer (COO) of its asset management business. Prior to that, she was COO and deputy head of North Asia for the US bank’s private wealth management business. Previously, she also worked at PwC and EY in Hong Kong and Canada.

«J.P. Morgan Private Bank remains deeply committed to delivering sophisticated, bespoke offshore services for Chinese clients,» Patel commented. «Florence’s wealth of experience and deep connections across the region will help us further strengthen our leading position as well as capabilities for connecting clients to long-term wealth opportunities both in Asia and globally.»