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JPMorgan plans to expand private banking staff for Latin America

JPMorgan Chase bank plans to increase the number of employees in private banking for Latin America by about 25 percent next year, prioritizing expansion in the segment that serves clients with U$5 million to US$25 million invested with the bank.

The hires would add about 100 people to JPMorgan's private banking teams serving the region from offices in Miami, New York, Houston, and Geneva, cities where the bank has about 430 employees dedicated to that business.

"We have been hiring very aggressively in this segment and will continue to do so," Edinardo Figueiredo Figueiredo, JPMorgan's president . . .

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