JPMorgan Chase received the President of JPMorgan Chase. He discussed with him the prospects of cooperation
Maktoum bin Mohammed: Dubai strengthens its partnership with major financial institutions and international banking companies
Maktoum bin Mohammed during the meeting with Daniel Pinto. From the source
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance and President of the Dubai International Financial Centre (DIFC), yesterday received Daniel Pinto, President and Chief Operating Officer of JPMorgan Chase, the world's largest bank by market capitalization.
During the meeting, His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum stressed the great importance that Dubai attaches to the financial sector, and its keenness to strengthen cooperation and partnership ties with major financial institutions and international banking companies, including JPMorgan Chase, in light of the history of constructive cooperation between the two sides, as well as Dubai's keenness to find ways to support and develop the business of its partners in the UAE and the region in general, in line with the objectives of Dubai Economic Agenda D33, which aims to To strengthen its position among the three most important economic cities and the four most prominent financial centers globally.
His Highness said in a tweet yesterday: "I met Daniel Pinto, President of JPMorgan Chase, the world's largest bank by market capitalization. We reviewed with him the bank's aspirations in light of the opportunities offered by the UAE, and provided by Dubai within its economic agenda D33, to make Dubai among the four most important financial centers in the world."
The meeting reviewed the objectives and aspirations of the bank for its business in the region, and the great opportunities that its markets hold for the financial sector and banking services companies, in light of the opportunities offered by the comprehensive development renaissance in the UAE, and the highly efficient and reliable infrastructure and logistics provided by Dubai, and modern legislative frameworks that are flexible and ensure a safe and stable environment for businesses, which is one of the most important attractions for businesses that find in this environment a spacious space to develop and expand their business, while Dubai secures The importance of harnessing all guarantees that ensure the highest levels of success for the fruitful partnership, which has always brought it together with private sector institutions in various fields, foremost of which is the financial and banking field.
JPMorgan Chase is one of the most important banking entities operating in the field of financial services, transactions banking and asset management globally, and the value of assets managed by the bank globally is estimated at $ 3.7 trillion, as of the end of December 2022, while the bank's net revenues reached $ 37.7 billion in 2022. The bank has operations in more than 60 countries, with more than 24,<> employees worldwide, while the bank has a broad base of distinguished customers globally, both institutional and government.