摩根大通在肯尼亚和科特迪瓦的业务将重点关注商业和投资银行业务、财务服务以及部分贷款业务。目前，该行没有在这两个国家提供资产和财富管理(AWM)服务的计划，尽管这些服务已在南非和尼日利亚推出。戴蒙暗示，尽管目前没有提供AWM服务，但未来几年可能会有所改变。JPMorgan CEO Jamie Dimon revealed that the bank plans to enter the markets of Kenya and Côte d'Ivoire this year to expand its business footprint in Africa.
According to Choicetou Finance APP, JPMorgan CEO Jamie Dimon revealed the bank's plan to enter the markets of Kenya and Côte d'Ivoire this year to expand its business footprint in Africa. This move marks JPMorgan's growth strategy in the international market, with the bank's assets exceeding $4.2 trillion USD and operations spanning over 100 countries. Despite Citigroup's leading coverage in nearly 180 countries, JPMorgan is actively expanding its global presence.
Before the trip to Africa, Dimon expressed that JPMorgan hopes to add one or two new country operations in Africa every few years. The expansion into Kenya and Côte d'Ivoire this time was previously unreported. During the upcoming trip to Africa, Dimon plans to visit Kenya, Nigeria, and South Africa to enhance understanding of these countries and establish more local connections.
JPMorgan's focus in Kenya and Côte d'Ivoire will be on commercial and investment banking, financial services, and some lending businesses. Currently, there are no plans to offer Asset and Wealth Management (AWM) services in these two countries, although these services are already available in South Africa and Nigeria. Dimon hinted that while AWM services are not currently provided, this might change in the coming years.
In the past, JPMorgan tried to enter the markets of Ghana and Kenya but faced obstacles from regulatory authorities. However, the Central Bank of Kenya recently authorized JPMorgan to establish a representative office in the country. Dimon noted that the U.S. government is now more supportive of domestic banks expanding overseas, which is different from the attitude right after the financial crisis.
Furthermore, major global banks have adopted different strategies to target the sub-Saharan African market, aiming to focus on the fastest-growing region and differentiate themselves from local and regional competitors. For example, Standard Chartered Bank saw a one-fourth increase in asset management in Kenya last year, reaching 185.5 billion Kenyan Shillings (approximately $1.4 billion USD).
Dimon believes that while this expansion may not have an immediate significant impact on JPMorgan's business, it will be beneficial for the company and its future leaders in the long run.
It is understood that jpmorgan is one of the world's five largest internationally private banks with the largest regulatory asset size. Bank executives reported to investors in May that over the past five years, about 700 bankers have been involved in expanding to 27 new locations globally, creating $2 billion in revenue for commercial and investment banks.
