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Finance

JPMorgan and Citi beef up staff to help Japan Inc. go global

Teams in India and elsewhere to advise on managing funds internationally

JPMorgan Chase plans to expand its Japan corporate desk by 20% before the end of the year.   © Reuters

TOKYO -- U.S. banks JPMorgan Chase and Citigroup will add more advisers in Asia to help Japanese corporations manage their money globally as they expand overseas through acquisitions.

JPMorgan will expand its corporate Japan desk roughly 20% this year from the current count of dozens. The larger staff, which will include specialists based in India, will be proficient in Japanese and work with Japanese businesses in Asia.

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