JPMorgan's India branch is increasingly targeting intra-Asia regional business, particularly between India and China, in a reflection of the rapid growth of trade between the world's fastest growing large emerging markets.
The move comes as the US-based bank beefs up its presence in India, one of its most important markets in Asia, with plans to introduce onshore private banking services in the coming year.
“Now, with the very significant presence that we have in Asia, we are trying to see how we can leverage our presence in key countries in Asia across business lines,” Kalpana Morparia, chief executive officer of JPMorgan India, told the FT at the World Economic Forum in India on Sunday.
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