JPMorgan Asset Management is aiming to double its Asia-Pacific assets under management to $600 billion by 2030, with a long-term goal of reaching $1 trillion, according to Asia-Pacific CEO Dan Watkins.
Speaking at a conference in Seoul, Watkins said the firm plans to replicate the strong growth achieved over the past five years, when regional assets rose to $302 billion by end-2024, more than twice 2019 levels. The expansion, he said, has been driven by active exchange-traded funds (ETFs) and entry into new regional markets, both of which will remain central to the company’s next phase of growth.
Watkins added that the region’s rising wealth base and increasing demand for diversified investment products will continue to make Asia a key growth engine for JPMorgan’s global asset management business.
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JPMorgan’s growth target highlights the Asia-Pacific region’s growing importance in global wealth management. The expansion of active ETFs and regional market access could lift competition among global asset managers seeking scale in Asia’s high-saving economies.
