中国保监会主席项俊波为朋友之女在摩根大通谋职

choi

Jessica Silver-Greenberg and Ben Protess, 中国保监会主席为朋友之女在摩根大通谋职. 纽约时报中文网, Feb 10, 2014
cn.nytimes.com/business/20140210/c10chase/


, which is translated from

Jessica Silver-Greenberg and Ben Protess, Chinese Official Made Job Plea to Chase Chief; Federal investigation; An insurance regulator sought a position for a friend. New York Times, Feb 2, 2014 (front-page).

Excerpt in the window of print: At least six other big banks’ hiring practices are being scrutinized.

Quote:

(a) In “a confidential email[,] one of several documents that JPMorgan recently turned over to federal authorities as part of an investigation into hiring at the bank * * * JPMorgan bankers in Hong Kong, hoping to help her job prospects, [had known] in advance that she would attend. JPMorgan said Mr Dimon had nothing to do with the decision to hire the young woman, described within the bank as well qualified.

(b) “At the time of Mr [JPMorgan Chase CEO Jamie] Dimon’s June 2012 meeting [at the JPMorgan headquarters in Manhattan] with the Chinese insurance regulator, XIANG Junbo 项 俊波, JPMorgan was seeking lucrative work from Chinese insurance companies. Mr. Xiang, a former banker who had been trying to secure a JPMorgan job for his young family friend a month before the meeting, would have a good deal of sway over those companies.

As the meeting with Mr. Dimon was wrapping up, interviews and the confidential email show, Mr Xiang changed the subject to his young interpreter. He introduced her to Mr. Dimon and portrayed her as the daughter of a close friend and a potential JPMorgan employee. In an awkward moment for the applicant, she translated as Mr Xiang extolled the benefits of hiring her.

“Mr Dimon, according to interviews with people briefed on the meeting, was not expecting the young applicant to attend. In response to the request, Mr Dimon told Mr Xiang that the bank would ‘do what we can.’

In the confidential email sent after the meeting, a JPMorgan banker in Hong Kong recounted how Mr Xiang asked Mr Dimon ‘for favor to retain her in US team.’ The banker, who worked on deals with Chinese-based insurance companies, emphasized “the importance of this relationship and specialty in the insurance area,’ adding that ‘we will be expected [by Chinese] to find a solution for her quickly.’

“With the approval of the bank’s compliance department, and after vetting the applicant through multiple interviews, JPMorgan created a special internship to accommodate the applicant, according to the people briefed on the situation. In early 2013, the people said, JPMorgan assigned her to a group within the bank’s New York headquarters that is focused on the insurance business. She later landed a full-time job at the bank [and still works there].