JPMorgan’s First Majority-Owned Brokerage Names New Head

Caixin Global | Aug 23, 2019 at 9:16 PM
  • JPMorgan has chosen a head for its new majority foreign-owned securities firm in China.
  • In March this year, it gave the go-ahead for Japanese investment bank Nomura Holdings Inc. and JPMorgan to set up foreign-controlled securities joint ventures in China.
  • The CSRC’s Shanghai office has approved the qualifications of seven Chinese and Japanese executives for Nomura Orient International Securities, Nomura’s newly established joint venture.