The appointment reflects the firm’s commitment to the growth of the offshore wealth offering.

JP Morgan Private Bank has appointed Florence Kui as the head of the China market in Hong Kong.

Kui, who will join the firm at the end of May 2024, will be based in Hong Kong, reporting to Harshika Patel, CEO of the Asia Private Bank and Hong Kong CEO of JP Morgan, the firm said in a statement. Kui will be succeeding Grace Lin, who will be retiring from her role in mid-2024 after a career spanning several decades and eight years with the Asia Private Bank.

Kui will be managing director, responsible for leading the team dedicated to serving the offshore wealth needs of ultra-high net worth clients in China. Working with the advisory team to deliver solutions for long-term wealth goals, Kui will focus on building and deepening client relationships.

With nearly three decades of experience in wealth management and financial services, Kui brings expertise to the role. She currently chairs the finance committee of the Private Wealth Management Association in Hong Kong. Prior to joining the firm, Kui led a 25-year career at Goldman Sachs, where she was most recently the chief operating officer of the asset management business. Before that, she was COO and deputy head of North Asia for the private wealth management business. Before that, Kui worked at PwC and EY in Hong Kong and Canada, the firm said.

JP Morgan Private Bank, which provides financial advice to help wealthy clients and their families achieve their goals, oversees more than $2.4 trillion in client assets globally.