Todd Marin, the vice-chairman of JPMorgan’s Asian investment bank, has become the latest senior executive to step down from the company, which is under investigation over its hiring practices in the region.
The departure of Mr Marin, 53, was announced to staff in an internal memo last week, according to a person familiar with the matter. He will stay on to oversee a period of transition, which is likely to last a number of weeks.
JPMorgan has been under investigation by US authorities since 2013 into whether it hired family members of Chinese government officials in order to win business.
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