JPMorgan’s China CEO Mark Leung to Retire After 25 Years (1)

JPMorgan Chase & Co. China Chief Executive Officer Mark Leung will retire from the firm at the end of the year amid increasing challenges for global lenders in the world’s second-largest economy.

Leung, a 25-year veteran of the bank, will stay on until the end of 2024 to help with the succession, according to an internal memo, which was confirmed by a spokesperson at the bank. Under his leadership since 2018, JPMorgan’s China revenue doubled and the bank became the first foreign firm to fully own a securities business and a futures company after the nation opened its financial markets. ...