JPMorgan’s commercial banking unit has announced two senior appointments, including the head of Asia Pacific, as part of the businesses’ non-US expansion drive.
Pravin Advani will take on an expanded role as chief administrative officer for corporate client banking international at JPMorgan, according to a statement. In the role, Advani will support the expansion of the ebonies, including the accelerated growth in innovation economy banking outside of the US.
Subsequently, Kerwin Clayton will become head of commercial Banking for APAC. Clayton first joined JPMorgan in 2006 and has been its co-head of M&A for APAC for the last six years.
Both Advani and Clayton will report to APAC CEO Filippo Gori as well as head of corporate client banking international Andrew Kresse.
Non-US Expansion
In 2019, JPMorgan’s commercial banking business launched an international expansion effort to serve mid-sized companies based outside of the US for the first time.
Since then, it has expanded into 26 countries, hiring 200 employees and supporting 650 clients globally. Within APAC, the business serves mid-sized companies across seven countries – China, Japan, South Korea, Singapore, India, Australia and New Zealand – with plans for further expansion in the region.
