Mon 13th Dec 2010, 11:44AM about second-jobber.com news.
JPMorgan Chase & Co is to take on 100 corporate bankers outside of the US - news that could have graduates targeting the sector jumping for joy.
The move was fuelled by claims that loan demand will be faster to rise in other countries than in the bank's home nation.
The new recruits will bolster the firm's existing 200 international bankers when they are taken on over the the next two years.
Labelling the international market for growth, the firm aims to sell its products to the world's biggest 3,000 companies.
Although a major lender in the US, the bank has not veered far outside home territory.
But the new plans will see it step into the international market in a bid to sell trade finance and other products.
Greg Guyett, chief executive of the global corporate bank, told Reuters: "We have a pretty aggressive plan to expand in 2011. We're trying to do more things with the same clients - that's job No 1."
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