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JPMorgan Plans to Hire 500 as It Takes Top Spot in Latin America

  • Bank took in the most investment-banking fees in 2021
  • Investments aimed at payments, wealth management, Argentina
JPMorgan Chase & Co. signage outside the headquarters in New York, U.S., on Thursday, July 22, 2021.

JPMorgan Chase & Co. signage outside the headquarters in New York, U.S., on Thursday, July 22, 2021.

Photographer: Michael Nagle/Bloomberg

JPMorgan Chase & Co., which raked in more investment-banking fees in Latin America than any of its competitors last year, plans to hire more than 500 people in the region as it gains market share and builds on its success in acquisition finance.

“With the exception of fixed-income markets, we had the best year ever in 2021 for all the businesses we have in Latin America,” Alfonso “Poncho” Eyzaguirre, who’s been the bank’s chief executive officer for Latin America and Canada since March, said in an interview. “And we want to continue growing.”