Best for UHNW in Asia 2022
JPMorgan Private Bank
JPMorgan Private Bank navigated the tricky market events of the last 24 months better than many of its peers.
The reason? The 30-plus years of banking experience brought to the table by Kam Shing Kwang, CEO of the private bank in Asia and vice chairwoman of Greater China investment banking. Kwang joined JPMorgan in 1998, another chaotic time for the region. The market turmoil in southeast Asia, Russia and Latin America hit banks, blew up hedge funds and resulted in severe currency weakness and recession: many economies took years to recover. But even for the most battle-tested private bankers in Asia, the gyrations of 2020 to 2021 were a once-in-a-career challenge. Judging by the numbers, however, Kwang and the wealth management team she has assembled kept their cool.
In 2021, revenue rose 17% year on year to a record $7.7