JP Morgan AM chief executive David Hsu stepping down

David Hsu is retiring from JP Morgan Asset Management after 25 years of service, which culminated in his appointment as chief executive of the Asia-Pacific business. He will be replaced by Clive Brown, who is transferring from London to Hong Kong. Brown’s responsibilities are not actually changing; he is chairman of JP Morgan AM’s international business and COO of its global business (that is, including North America). “He’s moving to Hong Kong because Asia is so important to th…