JPMorgan plans to hire a team of retail bankers in Germany as the biggest U.S. lender prepares to expand its international consumer business in pursuit of steadier revenue streams
In its first such foray outside the United States, JPMorgan entered the British market with a digital-only retail offering last year and executives have signalled their aim is to expand this to other countries.
Nils Wilm, a banking recruiter in Germany, said the JPMorgan job offerings point clearly to an expansion of retail banking. "This is going to be a battle," Jamie Dimon, JPMorgan's long-standing chief executive told investors in May.
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