JP Morgan challenges Nordic banks on private banking

From January, JP Morgan will offer investment and private banking services to customers in Scandinavia.

Photo: Stephanie Keith/Reuters/Ritzau Scanpix

JP Morgan, one of the world's largest investment banks, is expanding its department in Copenhagen to include private and investment banking, according to Berlingske.

"JP Morgan has provided financial services in Denmark for a long time. Now that we are increasing our focus on the Danish market and the Nordics, it is an exciting next chapter in our long history here," says Klaus Thune, who will be responsible for the investment bank's Danish division, to Berlingske.

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