JP Morgan expands LatAm operations

Pedro Gonçalves
clock • 1 min read

As wealth creation and political u-turns sweep LatAm, JP Morgan is ramping up in Mexico and the rest of Latin America to target the rich in the region. The bank plans to increase the number of its frontline private bankers in Latin America by 15%, the executive, Adam Tejpaul, said in an interview, according to Reuters. JPMorgan Private Bank employs 450 people in the region and most of then work as client advisers. The American bank, however, is not the only company tapping into the wealth gold mine that LatAm provides.  BBVA Bancomer, Citi, Credit Suisse and Santander all have private...

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