U.S. banks JPMorgan Chase & Co. and Citigroup Inc. plan to hire more advisers to manage funds for Japanese companies seeking overseas expansion, The Nikkei reported Aug. 28.
JPMorgan plans to boost its staff focusing on corporate Japanese clients by 20% this year, including new hires in India. Citigroup plans to boost its Japan-focused staff by 10% a year.
In addition, JPMorgan will offer its Japanese clients support for business strategies that help address geopolitical risks, the newspaper added.
