Overview

• Asia-Pacific CEO Dan Watkins said the business aims to double regional assets to $600 billion by 2030 with a longer-term goal of $1 trillion.
• JPMorgan’s assets under management in the region are roughly $302 billion, more than twice the 2019 level across seven markets.
• The firm credits momentum to active ETFs and entry into new markets and plans to keep both at the core of its expansion strategy.
• Watkins called China a long-term priority and said onshore operations would account for a large share of regional and global business, alongside support from Australia and Japan.
• Speaking in Seoul and in a follow-up interview, executives highlighted China’s fast-growing ETF market and noted JPMorgan runs about $4.5 billion across 10 ETFs listed onshore.