UAE - Mubasher: JPMorgan, an American investment bank, has established a new legal entity in Abu Dhabi's financial centre, Abu Dhabi Global Market (ADGM), Reuters reported.
The bank has set up its presence in Abu Dhabi for 10 years through a representative office, as shown by a cited statement.
The U.S. bank has now launched a new legal entity, J.P. Morgan Middle East, licensed by ADGM's Financial Services Regulatory Authority (FSRA).
The new legal entity will "enable the firm to provide a more complete suite of J.P. Morgan products and services to clients in Abu Dhabi," the bank remarked.
