JP Morgan Asset Management expanded Asia-Pacific AUM by nearly one-third over
the past 12 months to about $400bn, driven chiefly by its wealth management
business. The increase puts the firm on course to exceed CEO Dan Watkins’ target
set last year to double the region’s assets from $300bn to $600bn by 2030. While
institutional clients remain important, most new assets came from high-net-worth
investors; private bank assets rose about 50% YoY. Wealth inflows were largely
allocated to alternatives—notably hedge funds—and to infrastructure and
transport products.
