J.P. Morgan exec cautious on pace of innovation for Asia funds

Steven Billiet, CEO - Singapore, J.P. Morgan Asset Management

The complexity of doing business across Asia’s diverse markets, and the region’s embedded pattern of wholesale distribution, means innovating its manually intensive mutual-funds industry is going to be a slow process, says Steven Billiet, CEO for Singapore at J.P. Morgan Asset Management.

Billiet sits on an internal, Asia-wide fintech taskforce that was set up at the beginning of the year to help communicate technology initiatives across the entire J.P. Morgan Chase organization. There he represents the firm’s investment-management business…

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