Jing Ulrich

Jing Ulrich
Jing Ulrich in 2017
Education	Harvard University (A.B.), Stanford University (M.A.)
Known for	Ranked one of Fortune Magazine's 50 Most Powerful Global Businesswomen
Board member of	Adidas Swarovski Zegna GlaxoSmithKline

Jing Ulrich is an American financial executive and board member. She is currently managing director and vice chairman of investment banking at JPMorgan Chase. ^{[1] [2]}

Various publications have listed her among the world's most powerful women. For example, in 2021, for the seventh consecutive year, Forbes China ranked Ulrich among the country's top businesswomen. ^[3] In October 2013, Fortune magazine for the fourth time, ranked Ulrich among the top 50 most powerful global businesswomen. ^[4] Likewise, in October 2013, the South China Morning Post featured Ulrich as one of Hong Kong's 25 most inspirational and influential women. ^[5] In 2016, she received the inaugural Asian Women Leadership Award from China Daily and Asia News Network. ^[6]

Education

In 1990, Ulrich received a bachelor's degree with honors in English and American Literature from Harvard University and in 1992 a master's degree in East Asian Studies from Stanford University. ^[7]

Career

Early career

From 1994 to 1996, Ulrich worked as a fund manager for Greater China at Emerging Markets Management in Washington, D.C., and before that as an equity analyst at Bankers Finance Investment.^{[ citation needed ]}

In his 1990 autobiography, To Life: The Story of a Chicago Lawyer, the jurist Elmer Gertz, a protégé of Clarence Darrow and defender of human rights, devoted several pages to Ulrich, whom he had met when she was still a teenager.^{[ citation needed ]}

Deutsche Bank

From 2003 to 2005, Ulrich was managing director of Greater China equities at Deutsche Bank. ^[8] Before joining Deutsche Bank, Ulrich spent seven years at CLSA Asia-Pacific Markets, based in New York and Hong Kong, where she led the top-ranked team covering the region. ^[9]

J.P. Morgan

Ulrich is currently vice chairman of investment banking at JPMorgan, which she joined in 2005 as a managing director. Since 2021, she has been based in New York. She provides strategic advice to the firm's senior global clients across various sectors, including capital raising and other investment-banking services for transformative companies in the technology, industrial, and consumer markets. Educated at Harvard and Stanford universities, Ulrich helps foster greater East-West collaboration while providing guidance on business and investment strategies for leading enterprises, private equity, and sovereign wealth funds from North America, Asia Pacific, and Europe.

Ulrich created and ran J.P.Morgan's China-investment summit that brought together, from forty countries, over two thousand fund managers, corporate executives, and outside experts to discuss opportunities for investing in China. Conferences run by Ulrich included keynote speeches by former officials such as Chinese premier Zhu Rongji, U.S. president Bill Clinton, Secretary of State Henry Kissinger, and UK prime minister Tony Blair. ^[10]

As an advisor to the world's largest asset-management companies, sovereign-wealth and pension funds, Ulrich's views influence the allocation of trillions of dollars in assets. ^[11]

Print and TV media have often interviewed Ulrich for her views on China. Before returning to the U.S. to focus on investment banking, she was a frequent guest of Maria Bartiromo on CNBC's Closing Bell investor news program. She also appeared on the PBS Nightly Business Report. ^[2] In Asia she regularly spoke on Bloomberg Television. Ulrich’s views, interviews, and columns have often appeared in publications such as The Financial Times, The New York Times, and The Wall Street Journal.

Board and advisory roles

Since 2019, Ulrich has been serving as a member of the Supervisory Board for the global sportswear company adidas AG ^[12] and in 2024 was appointed to the Advisory Board of Rolls-Royce Motor Cars. In 2025, Ulrich joined the Board of Directors for Swarovski ^[13] , the global crystal company. From 2017 to 2025, she served on the international advisory board of the German multinational firm Bosch. From 2016 to 2020, Ulrich was a member of the International Chamber of Commerce G20 CEO Advisory Group, ^[14] which is the main forum for guiding business input into the G20 process. In addition, Ulrich served on the Strategy Advisory Board of private equity firm L. Catterton and the China Advisory Panel of real-estate company CapitaLand. From 2016 to 2020, Ulrich was also a member of the trade-and-investment task force of the B20 / G20 member states, ^[15] and from 2014 to 2018 of the Asia Pacific Economic Cooperation (APEC) China Business Council Multinational Advisory Committee. ^{[16] [17]} Previously, Ulrich had served as an independent director on the board of GlaxoSmithKline, ^[18] a global healthcare company, on the board of Italian luxury-goods firm, Ermenegildo Zegna. ^[19] and on the International Advisory Council of Bocconi University ^[20] in Italy.

Accolades

In October 2006, the South China Morning Post and the American Chamber of Commerce in Hong Kong had chosen Ulrich as Hong Kong's Young Achiever of the Year ^[21] from among several hundred nominees.

An annual poll of institutional investors, published in June 2007, ranked Ulrich as head of the top China team worldwide – a title she held five times, according to Institutional Investor magazine in June 2007, which put a photo of Ulrich on the cover of its international edition of that issue. ^[22] Until she moved into a more senior role, global investors in independent research polls of other publications such as Asiamoney magazine ^[23] repeatedly chose her as the best China strategist.

In 2010 and 2011 ^{[24] [25]} Fortune magazine named Jing Ulrich as one of the 50 most powerful global business women, ^[26] while the October 2010 ^[27] and August 2008 editions of Forbes magazine put Ulrich on Forbes's list of the 100 most powerful women in the world., ^[28] with the more recent Forbes publication also including her among the world's "20 youngest power women". ^[29] In 2011 and 2012, ^[11] FinanceAsia named Ulrich one of the top 20 women in finance and top 30 bankers in China. In March 2012 and 2013, Forbes magazine named her one of Asia's top 50 powerful businesswomen. ^{[30] [31]}

As of 2012 the South China Morning Post, China Daily, and others have referred to Ulrich as the "Oprah Winfrey of the investment world". ^[32]

Personal

Ulrich is a U.S. citizen and bilingual in Mandarin and English.

References

1. William Mellor and Allen T. Cheng, Bloomberg News (23 May 2006). "To get rich is glorious and risky". International Herald Tribune .
2. Susie Gharib (21 June 2006). "One On One With Jing Ulrich, Chairman of Chinese Equities at J.P. Morgan". Nightly Business Report transcripts. Archived from the original on 8 July 2010. Retrieved 1 September 2017.
3. "福布斯中国发布2019中国最杰出商界女性榜，她们最有影响力". Forbes China website. 22 January 2019.
4. "50 Most Powerful Women in Business: Global #40 Jing Ulrich". Fortune website. 10 October 2013.
5. Mukul Munish (9 October 2013). "Women and men need to be prepared for hard work, says China expert Jing Ulrich". South China Morning Post website.
6. "Confidence, ambition 'key to leadership roles'". China Daily Asia website. 22 January 2016. Archived from the original on 3 June 2016. Retrieved 22 August 2016.
7. Shanghai International Studies University (20 November 2010). "SISU MBA Students Attend Boss Town Recording Show". Shanghai International Studies University MBA website.
8. Press Release (7 April 2003). "Deutsche Bank appoints Head of Equity Research for Greater China". Deutsche Bank website. Archived from the original on 5 May 2007.
9. "CLSA Global Emerging Markets: First Team - China". Institutional Investor website. Archived from the original on 2007-09-28.
10. Press Release (15 September 2003). "CLSA Holds Milestone 10th Investors' Forum". CLSA website. Archived from the original on 30 September 2007.
11. "The Top 20 Women in Finance". FinanceAsia Magazine. 4 August 2011.
12. Web Page (9 May 2019). "The Supervisory Board of adidas AG". adidas AG website.
13. Web Page (2 February 2026). "SWAROVSKI RENEWS ITS BOARD OF DIRECTORS / SWAROVSKI INTERNATIONAL HOLDING AG APPOINTS ADDITIONAL INDEPENDENT AND FAMILY DIRECTORS". Swarovski AG website.
14. "B20 Task Force" (PDF). G20 CEO Advisory Group website. 2017.
15. "B20 Task Force". B20 Task Force website. 2016.
16. "APEC China Business Council". APEC China Business Council website. 1 May 2014.
17. "World Economic Forum, Jing Ulrich". World Economic Forum website. 1 August 2014.
18. Press Release (3 May 2012). "GlaxoSmithKline plc appoints two Non-Executive Directors to its Board". GSK website. Archived from the original on 6 May 2012. Retrieved 3 May 2012.
19. Dominique Muret (27 April 2012). "Ermenegildo Zegna has it's[sic] sights set on Africa". MOLuxury website. Archived from the original on 2012-05-03.
20. "Bocconi International Advisory Council". Bocconi website. 31 July 2014.
21. "The Six Megatrends Shaping China: Jing Ulrich, Managing Director and Chairman, China Equities, JPMorgan". American Chamber of Commerce in Hong Kong . 15 June 2007.
22. "Magazine cover". Institutional Investor magazine. 13 June 2007.
23. "Asiamoney site search, 4 articles shown". Asiamoney magazine.
24. "50 Most Powerful Women in Business: Global #46 Jing Ulrich". Fortune website. 29 September 2011.
25. "50 Most Powerful Women in Business: International #47 Jing Ulrich". Fortune website. 29 September 2010.
26. Jessica Shambora (28 September 2009). "50 Most Powerful Women in Business: International #49 Jing Ulrich". Fortune website.
27. Mary Ellen Egan (6 October 2010). "The 100 Most Powerful Women: #81 Jing Ulrich". Forbes website.
28. Kate Macmillan (27 August 2008). "The 100 Most Powerful Women: #95 Jing Ulrich". Forbes website. Archived from the original on August 31, 2008.
29. Mary Ellen Egan (6 October 2010). "The 20 Youngest Power Women: Jing Ulrich, 43". Forbes website.
30. "Forbes Asia's 50 Women In the Mix". Forbes website. 4 March 2013. Archived from the original on March 5, 2013.
31. "Forbes Asia unveils list of top 50 women business leaders in Asia Pacific". Forbes website. 29 February 2012.
32. Frank Holmes (2 April 2012). "3 Trends To Watch For Global Investors". Seeking Alpha website.

External links

• Hands-On Series Reports at JPMorgan