JPMorgan to keep Asia hiring pace after corporate bank growth tops 20%

JPMorgan Chase will continue hiring in Asia Pacific at a similar pace in 2027, following a revenue growth of well above 20% in the corporate bank of the region this year, regional heads told Reuters. The U.S. bank is nearly complete with a 15% increase in staff for Asia Pacific corporate banking this year, up from a 20% expansion in 2025, according to Oliver Brinkmann and Kerwin Clayton in an interview at JPMorgan’s Singapore office.

The hiring will include teams serving mid-sized and large companies, the innovation economy, financial institutions, and non-bank financial institutions, the executives said. They intend to maintain a similar hiring pace in 2027, covering all areas of business, though the pace may vary across regions. JPMorgan's corporate banking business in Asia Pacific has grown significantly year-to-date, driven by Asian companies expanding abroad and rising investments in AI, data centers, and supply chains, with growth even stronger this year, Brinkmann noted.

Markets such as Taiwan, South Korea, China, and Australia have outpaced these growth rates, the executives added. Southeast Asia is also experiencing a growth rate exceeding 20%, with Malaysia benefiting from foreign investment in AI and data centers, while Singapore serves as a regional connector and hub, Brinkmann explained. The market is highly active, particularly for data center or GPU financing, as GPUs are widely used to run AI systems.

JPMorgan is also increasing capital for trade finance and working capital finance, which aids companies in financing goods moving across borders, as trade within Asia increases and the bank expands its trade finance business.