JPMorgan macro MD in Singapore joins Schonfeld

Youngmin Cho resigned this week from JPMorgan’s Singapore office to join Schonfeld Strategic Advisors as the hedge fund expands its macro trading presence in the city-state.

Cho had joined JPMorgan from Morgan Stanley less than a year earlier and was appointed head of Singapore non‑deliverable forward (NDF) trading in July 2025. NDFs are foreign‑exchange contracts used to trade currencies that are not freely convertible; Singapore is commonly used as a regional base for NDF activity due to its regulatory and settlement infrastructure.

Schonfeld has been hiring senior traders in Asia to build out teams focused on discretionary macro, FX and rates strategies in Singapore. Mintaek Kim, a long‑serving JPMorgan executive who joined the bank in 2009 and became a managing director in 2019, is also set to join Schonfeld. Kim is due to serve as co‑head of discretionary macro and fixed income trading in Asia and will work alongside portfolio manager Yau Ng, previously at Point72 Asset Management.

The appointments add to a series of recent senior hires from banks into hedge funds in the region’s foreign‑exchange and rates markets. Firms in Singapore have stepped up recruitment for senior trading and portfolio management roles as they expand regional operations.