JPMorgan Sees Middle East Deal Flow Making Up for Lower Fees
- U.S. bank’s Middle East business has grown 25% in past 5 years
- Bank is ranked fourth among bond sales arrangers in MENA
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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.