The Dubai International Financial Centre (DIFC) has published details of J.P. Morgan Private Bank’s new branch, regulated by the Dubai Financial Services Authority. The branch provides a dedicated platform to serve clients across the United Arab Emirates (UAE) and, where permitted, the wider region. In preparation for authorisation, J.P. Morgan Private Bank more than tripled its Dubai private banking team over the preceding 12 months. The branch adds to the firm’s existing operations in DIFC, which it has used as a regional base for corporate and investment banking for 20 years. More recently, the firm also obtained authorisation to provide asset management services through J.P. Morgan International Advisors.
Dubai International Financial Centre reports new JP Morgan Private Bank branch
The Dubai International Financial Centre has outlined J.P. Morgan Private Bank’s new branch, supervised by the Dubai Financial Services Authority, to serve clients in the United Arab Emirates and, where permitted, the wider region. The bank increased its Dubai private banking team to more than three times its previous size over the preceding 12 months in preparation for authorisation.