JPMorgan hires UBS's Huang for Asia ECM role: sources

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Huang was UBS’s head of Asia ECM but resigned from the Swiss bank on Monday to join the U.S. firm, the people said.

The sources could not be named because the information has not yet been made public. JPMorgan and UBS declined to comment.

At JPMorgan, Huang will be the co-head of ECM Asia, ex-Japan, alongside Gregor Feige.

UBS will have its head of Asia Pacific Capital Markets Lauro Baja cover Huang’s responsibilities, one of the sources said.

In October, JPMorgan appointed Francesco Lavatelli to become the head of its ECM business for Asia Pacific, according to a memo sent to staff at the time..