HONG KONG, April 23 (Reuters) - JPMorgan Chase & Co ( JPM )

appoints Lu Fang to chair the board of its China

investment banking arm, replacing former chair Park Pu,

according to a company memo reviewed by Reuters and confirmed by

a company spokesperson.

Greg Yu, recently deputy general manager of J.P. Morgan

Securities China Company (JPMSC), has been promoted to general

manager, according to the Memo issued on Wednesday.

The China unit of JPMorgan ( JPM ) conducts various banking

businesses including investment banking and securities

brokerage.

Both appointments took effect immediately, subject to

regulatory filings, the bank said in the memo.

Lu replaces Park Pu, who was the China arm's chairman for

nearly a decade. Pu will assume a new role as senior advisor to

the firm, the memo reads.

Lu will be responsible for overall management of the

company, overseeing local governance and the bank's strategic

agenda.

Yu, who will continue in his role as head of Equities for

JPMSC will be responsible for the implementation and execution

of the bank's strategic agenda, facilitating regulatory

relationships, and overseeing day to day operations.