JPMorgan Chase & Co. sees “a lot of opportunities” in the Middle East for banks with the right scale as the region taps bond markets and plans the biggest-ever share sale.
Investment banking fees in the Middle East are lower than in countries like the U.S., but when you have enough deals “you can still run a very good business” by operating across different segments, said Sjoerd Leenart, the U.S. bank’s global head of corporate banking.