The US bank said the new office will provide local clients with on the ground presence and access to an array of its products and services, including investment banking and treasury and securities services products, supported by its global industry and product teams.
Heidi Miller, president of International JP Heidi Miller said that JP Morgan has ambitious international expansion plans and being able to extend more products and services locally to clients in the Middle East is a top priority for the firm.
JP Morgan senior country officer for Qatar Karim Noujaim said that JP Morgan has been fortunate to do business with Qatari clients for several years.
"We look forward to delivering the entire firm’s capabilities, including capital and innovative solutions to local clients in the years to come," Noujaim said.
The new office JPMorgan Chase Bank (Qatar Financial Centre Branch) will be regulated by the Qatar Financial Centre Regulatory Authority, and was recently authorized to undertake regulated activities in and from the Qatar Financial Centre, which will enable it to arrange credit facilities, deals in investments and the provision of custody services, and to advise on deals in investments.
Recently, the bank involved in a various transactions including the State of Qatar’s $7bn triple tranche 144A/RegS bond offering; Qatar Telecom’s $1.5bn dual-tranche bond offering. It also advised Qatar Real Estate Investment Company (Alaqaria) on its merger with Barwa Real Estate.
