JP Morgan pushed out two senior executives connected to an investigation into its hiring in Asia, making them the latest to leave the firm amid the burgeoning probe, according to people familiar with the bank’s actions.
Todd Marin, vice chairman of Asia Pacific investment banking, and Catherine Leung, vice chairwoman of Asia investment banking, will leave the bank in coming weeks but will stay on to transition out of their roles, two of these people said. Both of the executives' stock options are vesting soon, and JP Morgan didn't want the two veteran bankers to receive them, the people said.