JPMorgan CEO Jamie Dimon makes whirlwind visit to Israel
JPMorgan CEO Jamie Dimon makes whirlwind visit to Israel
Dimon's visit lasted only 48 hours. During this time, he met with the bank's clients in Israel, as well as with CEOs, senior high-tech entrepreneurs, and heads of financial institutions.
Jamie Dimon, the CEO of American bank J.P. Morgan, has arrived on a special visit to Israel, Calcalist has learned. As part of the visit, Dimon, who is considered the most senior banking figure in the world, is holding a series of meetings with Israeli banks and the bank's clients in Israel.
Dimon's visit lasted only 48 hours. During this time, he met with the bank's clients in Israel, as well as with CEOs, senior high-tech entrepreneurs, and heads of financial institutions. He also held a round table with venture capital funds. Today, he met with bank employees in Israel. JPMorgan Chase has 170 employees in Israel, with about 120 working in the bank's innovation center located in Herzliya, which focuses on technological developments for the bank.
Dimon is also expected to meet with a number of technology companies that J.P. Morgan is believed to be considering investing in. Dimon (68) announced in May that he would retire from managing the bank in the next five years.
About a year ago, J.P. Morgan significantly expanded its operations in Israel, with an emphasis on commercial banking for high-tech companies. Since then, the bank has recruited about ten employees in addition to those working in investment banking, private banking, and wealth management. J.P. Morgan opened its first office in Israel in 2000.
The new activity in Israel is part of J.P. Morgan's innovation division, designed to handle growth companies, founders of high-tech companies, and the venture capital community. J.P. Morgan established and developed the innovation banking division in the last four years and recently acquired First Republic Bank (FRB), which collapsed shortly after SVB, to increase its presence in Silicon Valley and the technology sector in general.
