Saudi Capital Market Authority Chairman Mohammed Al-Jadaan and Tadawul stock exchange Chief Executive Officer Khalid Al Hussan are among officials attending a two-day event in New York City this week organized by JPMorgan Chase & Co., Bloomberg reports.
According to Bloomberg, senior representatives of the kingdom’s economy ministry and central bank will also be present. The publication cited an e-mailed statement on Monday from the bank.
JPMorgan Chase & Co. and Michael Klein, the former Citigroup Inc. investment banker who runs his own boutique, were selected to advise on Saudi Aramco’s IPO in August.
Saudi Capital Market Authority Chairman Mohammed Al-Jadaan.
JPMorgan Chase has been doing business in Saudi Arabia for 82 years. The bank is the only U.S.-headquartered financial institution with two operating licenses in Saudi Arabia “providing access to a comprehensive range of products and global banking capabilities for clients in Saudi Arabia,” the Bank says on its website.
The bank indicated it would look to expand its human capital presence in Saudi Arabia earlier this year. “We will be looking to increase headcount by about 10 percent this year across areas like investment banking, sales and trading and anti money laundering,” said Bader Alamoudi, chief executive officer of the bank’s local investment banking unit.
