The bank has been quoted as saying that the US lender has logged record revenue and AuM in Southeast Asia and across Asia in the past year, and the expansion trajectory continues.

JP Morgan has doubled the number of Singapore-based bankers who serve wealthy clients in the region, according to the Straits Times (of Singapore).

The bank’s relationship manager headcount for South-east Asia and Australia has risen to more than 50, roughly twice the number from the start of last year, the ST said, citing unnamed sources. Most hires were for the Indonesian market, with about 20 staff compared with 10 last year.

WealthBriefingAsia has contacted JP Morgan for comment; it had not received a reply at the time of going to press.

JP Morgan has made significant hires over the past five years and will continue to invest in talent to sustain its growth momentum, Paul Thompson, head of Singapore and South-east Asia for the private bank, was quoted as saying. 

Across Asia, excluding onshore China, JP Morgan’s headcount of relationship managers rose to 380 last year, an increase of 50 people from a year ago. Minimum assets for JP Morgan private banking clients are now $10 million, down from $25 million a few years back.

Asked about revenues, Thomspon was quoted saying that the bank achieved record revenue and assets under management in South-east Asia and across Asia in 2025 and continues to see the same rate of expansion this year.