One of JPMorgan Chase’s top bankers in China is leaving the bank amid an investigation into its hiring practices in Asia.
Fang Fang, a vice-chairman at JPMorgan, is expected to leave this week, according to a person familiar with the situation. JPMorgan declined to comment. Mr Fang could not be reached for comment.
The US Securities and Exchange Commission and the Department of Justice last year launched a probe of JPMorgan’s hiring practices over whether it had hired princelings – the family members of influential figures in the Chinese government and elite – to win business.
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