JPMorgan hires most bankers in China

JPMorgan hires most bankers in China - People's Daily Online: "JPMmorgan hired the most number of bankers in China for its global corporate bank business last year and it is confident that expansion will not slow in 2011 as the bank taps on the higher outbound investments by Chinese companies, a senior executive said yesterday.

The New York-based bank hired about 100 bankers last year for its corporate bank and several hundred supporting staff like credit officers.

'China is certainly the market where we hired the most new bankers last year,' said Gregory L. Guyett, chief executive officer of JPMorgan's global corporate bank, in an exclusive interview with Shanghai Daily. 'It's a pretty substantial part of that number.'

The United States bank said earlier it will invest US$100 million annually to hire bankers for the business to aim for a market share of more than 10 percent in the long run."