Based in Hong Kong in this new role, Spence will oversee the largest global, regional and local client relationships in Asia and will identify new business opportunities with existing clients and prospects.
Prior to this, Spence was head of global liquidity, Asia Pacific for JPMAM, instrumental in developing the liquidity businesses in the region.
George Gatch, chief executive of JPMAM’s Global Funds Management business said: “The opportunity to offer our investment insights and strategies to even more clients in the region is tremendous, and this role will be crucial to those efforts.”
Spence, who has more than 17 years Asia experience, previously worked with Citi in Singapore, for eight years, where he held senior sales and relationship management roles, serving both regional financial institutions and corporate client segments.
Roger Bacon, managing director and head of managed investments, Asia Pacific at Citi Private Bank said: “Institutional connectivity with our investment management partners is key to help us deliver the best market insights and investment solutions to our clients. We look forward to working closely with Travis and his team.”
During his tenure as head of global liquidity at Asia Pacific, the business opened six local currency money funds and expanded across Hong Kong, Singapore, Tokyo, Sydney and Shanghai.
Spence and his team were “instrumental” in J.P. Morgan being awarded a license to distribute local mutual funds to institutional investors in China, the company said.
