Financial Times FT.com

JPMorgan to build investment business overseas

By Francesco Guerrera in New York

Published: September 30 2009 21:18 | Last updated: September 30 2009 21:18

JPMorgan Chase’s investment bank is planning a push to win more business outside the US by building on the group’s financial ties with companies around the world, its new head said.

Jes Staley, who was picked to lead JPMorgan’s securities unit in a surprise reshuffle on Tuesday, said he did not plan big changes to the business’s trading and risk-taking strategies.

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