A number of senior J.P. Morgan bankers have reportedly left Hong Kong, in the midst of the city’s persistent pursuit of its so-called «dynamic zero-Covid» policy.
J.P. Morgan head of cash equity and equity distribution Ryan Holsheimer has left the firm and will return to Australia to rejoin his family, according to a «Bloomberg» report citing unnamed sources.
He will be succeeded by Sara Perring, current head of cash equity distribution in Japan, who will relocate to Hong Kong.
Holsheimer is the latest J.P. Morgan banker to have left the city, which is now planning to conduct citywide testing, similar to the approach taken in mainland China.
Exodus to London
For others that have left Hong Kong but stayed with the bank, London has been a popular target for relocation.
Ex-APAC head of insurance investment banking Lionel Pernet and APAC head of cash trading Borja Rodriguez-Cano have either left or are leaving to the British capital to take on similar roles covering the EMEA region.
The bank’s former regional head of equity capital markets Francesco Lavatelli is also transferring to London to become the global head of corporate equity derivatives.
Other cities were also targets for relocation including Sydney which welcomed former Asia ex-Japan head of sales trading James Kibble in July last year as its head of APAC blocks and special situations. And the bank’s regional head of government affairs Tim Hogan is moving back to the U.S. to take on a global role at Pfizer.
