JPMorgan's Headcount in Mideast to Rise to 500: Erdoes

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Transcript

00:00J.P. Morgan has been in the region for 92 years, and we serve across 15 different countries.

00:07Right after the great financial crisis, we only had about 100 people here.

00:11And today, we have 370, and that'll probably be about 500 in the coming year or two.

00:18And it's a very exciting place for us to be.

00:21And as a matter of fact, I had mentioned we are going to have the J.P. Morgan leadership team.

00:26There's about 700 of us that are going to come and kick off the year of 2026 right here in this great hotel.

00:32So I think it is a very exciting time for everybody to be thinking about this.

00:36And I think it very much dovetails with all the conversations that we've had.

00:41Actually, the Prime Minister made a great point, which is the World Cup is very much like an IPO of the country.

00:48And you can feel it when you're here, live and in person.

00:52And I just, I think that there's so many things happening in the world where it is a time of great risk, but it is a time of great opportunity.

01:01And figuring out how to navigate that is really important.

01:04The conversation about the dollar is an equally important one.

01:09U.S. exceptionalism has been something that the U.S. is very proud of.

01:13But with the world order changing and reshaping itself as people try to figure out where they are,

01:21you have $16 trillion worth of foreigners in the U.S. stock market.

01:27And just 1% of that is a $160 billion move in the U.S. dollar.

01:32And just 1% of that is really important.