JPMorgan hires 30 senior bankers in EMEA to challenge regional lenders
JPMorgan is expanding its corporate banking business across Europe, the Middle East and Africa, aiming to take market share from domestic and regional lenders. The US bank will hire 30 senior bankers by year-end and target €1.4 trillion ($1.5 trillion) in financing for national-security industries, per James Roddy, head of global corporate banking.
Bottom line — JPMorgan has grown EMEA clients by 25% and revenues by 15% in two years, per Roddy.
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- The hiring targets three client groups: large-cap, mid-size companies and startups, Roddy told Reuters.
- JPMorgan ranks first for European investment banking fees in 2026, up from third a year ago, with a 7.4% market share, according to LSEG data.
- The bank has doubled headcount in the Middle East, North Africa, Turkey and Poland over two years and plans a further 60% increase in five years, Roddy said.
- JPMorgan stepped up lending in the Middle East as US-Iran conflict reduced rivals' risk appetite, per Roddy.
- The expansion is part of a broader Security and Resilience Initiative, with up to €9.2 billion ($10 billion) of the bank's own capital committed to US companies critical to national security.
- Daniel Rudnicki Schlumberger was appointed head of the SRI for EMEA in June, replacing ex-British politician Chuka Umunna who left for Citigroup.