JPMorgan increases Asian operations
JPMorgan is increasing its Asian operations by taking in a Hong Kong-based private equity team and allocating $750m for them to spend in the area.
JPMorgan hired the most number of bankers in China for its global corporate bank business last year and it is confident that expansion will not slow in 2011 as the bank taps on the higher outbound investments by Chinese companies, a senior executive said yesterday.