DUBAI (Reuters) – JPMorgan has set up a new legal entity in Abu Dhabi’s financial centre ADGM, it said in a statement on Tuesday.
The bank has been physically present in the emirate for 10 years through a representative office, but has now established a new legal entity, called J.P. Morgan Middle East, licenced by the Abu Dhabi Global Markets Financial Services Regulatory Authority.
This will “enable the firm to provide a more complete suite of J.P. Morgan products and services to clients in Abu Dhabi,” the U.S. bank said.
(Reporting by Davide Barbuscia, editing by Louise Heavens)
