JPMorgan Expands EMEA Corporate Banking and Plans Major Regional Hiring
- Jul 15
- 2 min read
LONDON, July 15, Saudi Arabia Breaking News — JPMorgan is expanding its corporate banking operations across Europe, the Middle East and Africa as the US lender seeks to increase revenue and capture market share from regional banks.
The bank plans to hire 30 senior bankers across EMEA by the end of 2026, James Roddy, JPMorgan’s head of global corporate banking, told Reuters.
The new hires will support the bank’s initiative to facilitate $1.5 trillion in financing for industries considered critical to national security, including investments of up to $10 billion from JPMorgan’s own capital.
The expansion covers three corporate client groups: large companies, mid-sized businesses and startups.
“Everything is on the table for entering new markets or adding resources where we are already present. We have the full support of the board to hire if it will help us better serve a client,” Roddy said.
JPMorgan’s EMEA client base has increased by 25% over the past two years, while regional revenue has risen by 15%.
The bank is expanding services including corporate finance, cash management, payments and foreign exchange.
JPMorgan currently ranks first in European investment banking fees, rising from third place during the same period last year, according to LSEG data.
Its market share increased by 1.3 percentage points to 7.4%, the largest gain among the region’s 10 leading lenders.
JPMorgan has also doubled its workforce across the Middle East and North Africa, Türkiye and Poland over the past two years. The bank plans to increase total staff numbers across those markets by a further 60% over the next five years.
Roddy said JPMorgan had expanded its business and lending in the Middle East as the US-Iran conflict led some competing banks to reduce their regional risk exposure.
The bank launched its broader Security and Resilience Initiative last October, committing up to $10 billion for investments in US companies considered important to national security and economic resilience.
Daniel Rudnicki Schlumberger was appointed head of the initiative for EMEA in June, succeeding former British politician Chuka Umunna, who joined Citigroup.
