(Bloomberg) -- JPMorgan Chase & Co. China Chairman Charles Li is leaving after six years with the New York-based firm, two people with knowledge of the matter said.
Li, 48, will quit the investment banking industry and take up a senior position with a Hong Kong company, the people said, asking not to be identified before an announcement is made. He plans to leave around September, one of the people said.
Local newspaper Ming Pao today reported Li is the preferred candidate to replace Paul Chow as chief executive officer of Hong Kong Exchanges & Clearing Ltd., operator of Asia’s third-largest stock market, citing unidentified people.
Marie Cheung, a Hong Kong-based spokeswoman at JPMorgan, declined to comment. Hong Kong Exchanges spokeswoman Lorraine Chan declined to comment on the Ming Pao report. The bourse is in the “final stage” of choosing a new CEO, she said.
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