A story said that a former JP Morgan Private Bank figure for greater China, and senior Asia figure, had joined the Swiss bank, but the latter firm had no comment when approached by this news service.

J Safra Sarasin had no comment to make yesterday on a media story saying that a former JP Morgan Private Bank Greater China banker and former vice chairman for Asia had joined in a similar role.

A story appeared on 2 June in Citywire, quoting what it said was a number of sources.

WealthBriefingAsia asked J Safra Sarasin for comment, but the Switzerland-headquartered bank declined to talk about the story. This publication was unable to find other information about the matter at the time of going to press.

As reported in March this year, J Safra Sarasin said it had bought more than two-thirds (70 per cent) of Denmark’s Saxo Bank for around $1.2 billion.

In May 2018, this news service reported that Hsu, who at the time was head of greater China and vice chairman for the private bank of JP Morgan, had decided to focus solely on the vice chairman role.