J.P. Morgan Asset Management Aims to Double Asia AUM
The fund arm of J.P. Morgan is seeking to double its assets under management within Asia in the coming years.
J.P. Morgan Asset Management’s ambition is to double its APAC business over the next five years, according to a «Bloomberg» report citing the firm’s regional CEO Dan Watkins at a conference in Seoul. Watkins notes that the firm doubled its assets under management between 2019, when he first joined, and 2024, which had $302 billion in Asia at the end of the year, according to financial filings.
«And our long-term goal is to grow this to a $1 trillion business,» he added.
Watkins said the firm sees «remarkable momentum and great growth potential» in markets such as Australia, Singapore, Southeast Asia and Korea. In terms of products, there has been notable client appetite for active exchange-traded funds.
