JP Morgan is planning to expand its operations in Switzerland, Financial News reports, citing Bund. The U.S. lender is seeking to appoint around 400 staff members in the nation, in the next two years. The bank is also seeking to double its assets under management in its private banking division. JP Morgan plans to boost its private banking in Geneva from 650 to around 1000, while it also plans to double its commodities trading business in Zurich from 60 to 120 positions.
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