JPMorgan Is Said to Plan Hiring for Midsize Banking Push Abroad

JPMorgan Is Said to Plan Hiring for Midsize Banking Push Abroad
The financial offices of banks, including JPMorgan Chase, Citi, HSBC, and other institutions in the financial district of Canary Wharf, are pictured on the horizon as visitors to Greenwich Park walk and play on the dry brown grass in east London on July 23, 2018. DANIEL LEAL-OLIVAS/AFP/Getty Images
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JPMorgan Chase & Co. is seeking to do more business with midsize companies abroad, expanding in a market that’s traditionally dominated by local banks, according to people briefed on the matter.

The company is planning to hire bankers in Mexico, France, Spain and the U.K. to build out teams for its commercial bank, which has typically focused on U.S. companies, said one of the people, who asked not to be identified because the plans are private. The goal is to deepen relationships with non-U.S. companies in their home cities and help them expand globally, the people said.