J.P. Morgan makes senior treasury services hires

J.P. Morgan has made three senior management appointments to its Asia-Pacific treasury services team. According to the bank, the appointments should help it strengthen its relationships with clients.

Margaret Yao, previously head of liquidity management, was appointed regional sales executive for Asia-Pacific and will be responsible for building and expanding J.P. Morgan’s client list and unifying sales management. She replaced Simon Jones who has relocated to London to take up a new role at J.P. Morgan. Based in Hong Kong, Yao reports to Tom DuCharme, Asia-Pacific chief executive of treasury and securities services (TSS) at J.P. Morgan, who joined in June last year from Deutsche Bank.

Hendra Lembong joins the bank as Asia-Pacific head of cash management from Deutsche Bank where he was global head of business development for trade finance and corporate cash management. He replaced Linda McLaughlin-Moore who will relocate to New York as J.P. Morgan’s head of international cash management. Lembong’s new role will also cover core cash and liquidity management so he will oversee Yao’s previous responsibilities.

According to J.P. Morgan, Lembong is responsible for transitioning the bank’s business to a single model revolving around cash management. He relocates to Singapore from London and will report to DuCharme regionally and McLaughlin-Moore globally.

Finally, Adrian Godfrey has been appointed Asia-Pacific head of client service and implementation management. He replaced Stanly Leung who has taken up a new role at J.P. Morgan in China. Godfrey is based in Singapore and will also report to DuCharme.

“As our global clients broaden their businesses in Asia-Pacific and as our Asian clients focus increasingly on the regional and global stage, it’s critical that J.P. Morgan supports their strategic objectives by leveraging the deep expertise of our people across the region with our leading suite of global solutions,” said DuCharme. “The appointments of Hendra, Margaret and Adrian will be instrumental in enhancing our client relationships and developing each client’s business.”

“With clear accountability across our product, sales and country teams, we can better synchronise our market leading capabilities with the services that we offer to our clients, creating a deeper, holistic global solution for our clients that is supported by experienced teams of local market professionals,” he said.