NUMBER OF THE DAY
That's how much assets J.P. Morgan aims to manage in Asia by 2030.
⬆️ Double up: Since 2019, the bank has already doubled its assets under management in the Asia-Pacific region to USD 302 billion — and plans to do it again within the next five years. CEO Dan Watkins calls Asia “the growth engine of the next decade.”
“Our long-term goal is to grow this to a US$1 trillion business”
🌏 Regional drive: The bank sees strong potential in Singapore, Australia, Southeast Asia, and Korea. In Singapore, J.P. Morgan was the only foreign firm awarded a central-bank mandate worth SGD 1.1 billion (about USD 771 million) to strengthen the domestic equity market.
🔎 Watch: The strategy of one of the world’s largest banks shows that Asia is no longer just a “nice addition to the portfolio,” but a core driver of global growth.
The China Survival Guide for Western Businesses
Entity setup, WeChat strategy, hiring your first local team. 12+ years on the ground in Shanghai.
