Deals
JPMorgan to Start Offering S. African Corporate Banking Services
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JPMorgan Chase & Co., the second-biggest U.S. bank by assets, will start offering banking services to South Africa’s largest companies as it seeks to tap faster growth outside the U.S. and Europe.
The bank will offer corporate clients lending as well as treasury and foreign exchange services, Eric von Glehn, managing director of JPMorgan in Johannesburg, said in a telephone interview yesterday. The lender, which has been in South Africa since 1998, already offers clients services such as advice on mergers and acquisitions and on debt and stock offerings. It doesn’t plan to compete with South African banks, he added.