JPMorgan Chase & Co (NYSE:JPM) is expanding its Australian corporate banking business, with a planned Perth office targeting natural resources companies.
The US bank has increased its Australian corporate banking team by approximately 50% over the past three years, although it has not disclosed the number of employees, according to Bloomberg.
JPMorgan is seeking growth across natural resources, AI infrastructure, and logistics as Australian companies pursue investment and international expansion.
Its Perth office is expected to open in 2027, establishing a corporate banking presence in the centre of Western Australia’s mining industry.
The bank is recruiting a VP-level coverage banker to manage relationships with 25–30 ASX Top 300 companies, with a particular focus on natural resources.
According to the bank’s LinkedIn job listing, the role will cover financing, capital markets, risk management, treasury, and other banking services.
JPMorgan has not identified prospective mining clients or disclosed how much capital it intends to allocate through the Perth operation.
The Australian expansion forms part of broader growth across the bank’s Asia-Pacific corporate business. Regional revenue increased by more than 20% during the first part of 2026, with Australia among the markets exceeding that rate, Reuters reported in August.
The bank was then completing an approximately 15% increase in its Asia-Pacific corporate banking workforce and indicated that recruitment would continue at a similar pace in 2027.
JPMorgan Chase is a US-based financial services group providing corporate banking, investment banking, markets, payments, and asset management services globally.
Write to France Pinzon at Mining.com.au
Main image: JPMorgan Chase & Co
