JPMorgan Chase & Co plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a bigger share of the region’s wealth.
About a fifth of its new hires will focus on clients in mainland China, the people added, which is among the fastest-growing wealth markets globally despite an unprecedented regulatory crackdown that has clouded its economic prospects.
