JPMorgan names Yi Zhang co-head of China investment banking

JPMorgan Chase & Co. has appointed Yi Zhang, a veteran from The Goldman Sachs Group, Inc., as the new co-head of investment banking for China. According to an internal memo reviewed in Singapore on Tuesday, Zhang will join the firm this summer and work alongside Michelle Wang, who continues in her role as co-head of the division. The move is part of a broader recruitment drive in the Asia-Pacific region, where the bank has added more than a dozen senior investment banking professionals over the last twelve months. This hiring surge is driven by a recovery in financial markets, including a rise in initial public offerings in Hong Kong and active merger and acquisition markets in Japan and Australia. > The bank has made over a dozen investment banking hires in the past year. Zhang brings 22 years of industry experience to the role, having most recently led industrials coverage for China at his previous firm. As part of the leadership transition, David Lau, the current co-head of China investment banking, will move into a regional role as the vice chair of investment banking for Asia Pacific. Lau will be responsible for managing key client relationships in Hong Kong and overseeing the bank's regional healthcare practice. JPMorgan's recent talent acquisition strategy has also seen the appointment of Yu Chikami as the co-head of investment banking in Japan and Jane Wu as the head of China healthcare investment banking. Additionally, the firm recruited Dragi Ristevski from MACQUARIE GROUP LTD to serve as the co-head of general industrials and head of financial sponsors for Australia and New Zealand. Other major Wall Street institutions, such as Morgan Stanley and Citigroup Inc., have also been expanding their teams to keep up with the increasing volume of deals in the region. This follows reports that JPMorgan added more than 300 bankers to its global banking unit during the first half of 2025.