JPMorgan plans $600bn asset growth in Asia-Pacific within five years-report

JPMorgan Asset Management is planning to expand its assets under management in the Asia-Pacific region to $600bn over the next five years, reported Bloomberg.

Australia, China, and Japan are expected to be the primary contributors to this growth target.

The company's financial filing revealed that it managed $302bn in Asia at the end of last year, an increase from 2019.

During an interview at a conference, JPMorgan Asset Management Asia-Pacific CEO Dan Watkinsmentioned that the distribution of assets under management between institutions and private wealth clients is “roughly even”, and the firm plans to maintain this balance.

Watkins said at the conference in South Korea: “Our long-term goal is to grow this to a $1tn business.”

The asset manager firm is capitalising on its clients' need for diversification in the face of market instability, which has been exacerbated by US trade policies.

This comes in the wake of major US indexes experiencing a downturn after President Donald Trump announced the possibility of imposing additional tariffs on Chinese goods.

Watkins highlighted that while the firm has secured institutional mandates for US equities investment, there is a growing trend among clients to diversify away from the US, which is likely to benefit equity markets in Europe and Asia.

In China, there is a surge in institutional investor interest in the technology sector, although investment flows are yet to fully recover, Watkins added.

In a move to bolster the local equities market, JPMorgan Asset Management was chosen as the sole foreign firm to manage a portion of the S$1.1bn ($847m) mandate from the Monetary Authority of Singapore in July.

Additionally, the firm is witnessing an increased demand for actively managed exchange-traded funds (ETFs).

In September, it launched its inaugural active ETF in Taiwan, targeting the US technology sector.

JPMorgan had assets under service amounting to $3.7tn as of the end of March, worldwide.

The firm's recent expansion efforts in Asia include establishing wholly owned businesses in China and Australia, with Hong Kong serving as the regional headquarters.

In a separate development reported by Reuters in September 2025, JPMorgan Chase appointed three senior bankers to its mid-cap investment banking team.

"JPMorgan plans $600bn asset growth in Asia-Pacific within five years-report" was originally created and published by Private Banker International, a GlobalData owned brand.

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