JPMorgan Chase announced that Filippo Gori, the head of its Europe, Middle East, and Africa (EMEA) business, will relocate from London to New York while continuing to lead the EMEA operations. This move comes after Gori's recent assignment in Hong Kong and contrasts with JPMorgan CEO Jamie Dimon's preference for in-office work, as Gori will work remotely. The relocation highlights ongoing executive departures from the UK financial sector. Meanwhile, other major banks are making strategic moves in Asia and the Middle East. Goldman Sachs is leveraging a revamp to increase its investment banking market share in Asia. HSBC has appointed Christopher Chua, an Asia veteran, as its global head of mergers and acquisitions, aiming to expand in Asia and the Middle East. Singapore-based DBS Bank plans to double its Australian lending book over five years and has partnered with the Australian government to enhance trade with Southeast Asia, responding to disruptions caused by the Trump administration's policies on global trade flows.
DBS partnered with the Australian government to boost trade with Southeast Asia amid the upheaval from the Trump administration’s impact on global flows. https://t.co/aybGXVO4zk
Singapore lender DBS aims to double Australian lending book in 5 years https://t.co/ssIf7VRFAc
HSBC names Asia veteran Christopher Chua global M&A head https://t.co/6FzHCtcFUy