JP Morgan Asset Management has appointed Dan Watkins as Asia Pacific CEO, to lead its $167 billion business in the region.
Watkins is replacing Michael Falcon, who is leaving JP Morgan to join Prudential as its chairman and CEO for North America.
For this new role, Watkins will relocate from London to Hong Kong later this year, and report to George Gatch, who is the CEO of global funds and global institutional businesses.
Watkins served most recently as global head of client services as well as deputy CEO of JP Morgan Asset Management Europe. He was responsible for the business infrastructure of JP Morgan in the Americas, Europe and Asia.
He also served more than a decade on the management board of JP Morgan’s Luxembourg-domiciled Ucits fund range.
As approximately 40% of JP Morgan's client assets under management in the Asia Pacific region are in Ucits funds, Watkin’s expertise in Ucits governance and distribution is highly relevant to the region, the company said.
Commenting on the appointment, Gatch said: ‘As we continue to grow in Asia Pacific, Dan is the ideal leader to leverage our global network and capabilities using our unparalleled local market teams and presence.
‘He also brings a strong track record of successfully implementing transformational business change projects, making him well suited to navigating the extraordinary opportunities in Asia Pacific.’