(Singapore) JPMorgan has said it plans to hire up to 150 new staff each year across its Asian operations in a bid to capitalise on an expanding mergers and acquisitions market.The investment banking behemoth said it believes M&A activity is set to take off in the Asian region, driven primarily by China, India and South East Asia over the next three to five years.
The bank said it intends employing and training junior staff for its Singapore, Hong Kong and Mumbai offices beginning next year.
JPMorgan said South Korea and Taiwan had seen the largest amount of M&A activity in the nine months to September.
JPMorgan currently has more than 6000 staff in Asia.