Finance
JPMorgan Opens Offices in Kenya, Ivory Coast in Africa Push
- US lender hires ex-central banker to run business in Kenya
- Ex-central banker Montet managed Kenya’s foreign reserves
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JPMorgan Chase & Co. opened representative offices in Kenya and Ivory Coast as part of an effort expand in east and west Africa.
The biggest US bank has hired Sailepu Montet, a former central banker in Kenya, to run its business in the East African nation, the company said in a response to questions. Michael Ahonzo Avou will run JPMorgan’s business in Ivory Coast, the bank said.