J.P. Morgan has grand ambitions in Asia and other emerging markets. By building on its existing investment bank franchise and treasury operations, deploying its vast balance sheet and exploiting its counterparty solidity, the US firm has said it will grow its global corporate banking business and challenge incumbents.
The main objective is to find out what clients need, and then satisfy their requirements. This should help the corporate bank to grow pre-tax earnings by $1 billion a year during the next three to four years, according to Gregory Guyett, CEO of J.P. Morgan’s global corporate bank.
“We work with clients across a suite of wholesale products,...
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