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FinanceJPMorgan moves over 30 China quant researchers to Singapore and Hong Kong
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JPMorgan Chase has relocated over 30 quantitative researchers from its China operations, moving approximately 25 to 30 staff from Beijing and Shanghai to Singapore, and about six members of its quantitative trading and research unit to Hong Kong, according to sources familiar with the matter. The move, reported by The Business Times Singapore, reflects a significant shift in the US bank's regional talent deployment, likely driven by geopolitical tensions and regulatory considerations in China. The relocation underscores the growing importance of Singapore and Hong Kong as financial hubs for global banks seeking to maintain access to Asian markets while managing risks associated with operating in mainland China.
Source report
JPMorgan has relocated more than 30 quantitative researchers from its China operations to Singapore and Hong Kong, according to sources familiar with the matter.
The US bank moved approximately 25 to 30 staff from Beijing and Shanghai to Singapore. In addition, about six members of JPMorgan's China quantitative trading and research unit were transferred to Hong Kong, a person familiar with the matter said.
Photo: YEN MENG JIIN, BT
Source
The Business TimesRegional
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JPMorgan Moves Over 30 China Quant Researchers to Singapore and Hong Kong