JPMorgan sets up derivatives development unit in GIFT City
Fri, Nov 15, 2024 10:57 AM

JPMorgan sets up derivatives development unit in GIFT City

A Flip by Avya Verma
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JPMorgan Chase & Co., in a first for any global bank, has set up a unit to develop derivative products in India’s newest international hub, according to people familiar with the matter. The US bank will pitch the products to clients in Asia-Pacific and Europe, in addition to providing support for the offerings developed from the Gujarat International Finance Tec-City, or GIFT City.

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