JPMorgan Private Bank Opens New Branch in Dubai Financial Centre

05:16 AM EST, 11/02/2026 (MT Newswires) -- JPMorgan Chase (JPM) Private Bank has opened a new branch at the Dubai International Financial Centre, or DIFC, the company said Monday. The new branch, under the regulation of the Dubai Financial Services Authority, marks an expansion of JPMorgan's existing presence at the DIFC, an office and high-rise complex in the Gulf emirate, the company said. The branch will provide the bank with a dedicated platform to serve clients in the UAE and, where permitted, the wider region, JPMorgan said. Over the last 12 months, JPMorgan Private Bank has more than tripled the size of its Dubai private banking team, which is led by Selim Elgen and Karim Rekik, it said.