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JPMorgan's Dimon says Hong Kong's COVID-19 rules make it harder to retain staff

November 15, 2021 at 07:53 am EST

HONG KONG (Reuters) - JPMorgan Chase & Co Chief Executive Jamie Dimon said he believed Hong Kong's strict pandemic measures are making it tougher for the investment bank to retain staff in the financial hub, Bloomberg News reported.

Dimon was in Hong Kong on Monday for a 32-hour visit after he was given an exemption to bypass quarantine, it reported.

Hong Kong has among the toughest quarantine in the world with requirements that visitors spend up to three weeks in a hotel after arriving from many countries around the world.

Business lobby groups https://www.reuters.com/business/hong-kongs-zero-covid-policy-undermining-financial-hub-status-industry-group-2021-10-25 have pushed the Hong Kong government to ease the strict requirements, saying the rules are undermining the city's status as a financial hub.

Dimon said on Monday this "does make it harder" to keep and attract staff, Bloomberg reported.

JPMorgan did not immediately reply to a request for comment from Reuters outside of normal business hours in Asia.

The bank in August https://www.reuters.com/business/finance/jpmorgan-gets-beijings-approval-first-fully-foreign-owned-brokerage-2021-08-06 became the first overseas bank to be granted approval to take full ownership of its mainland Chinese securities joint venture.

(Reporting by Scott Murdoch in Hong Kong; editing by David Evans)

Jamie Dimon

Mr. James Dimon is a Chairman & Chief Executive Officer at JPMorgan Chase Bank, NA and JPMorgan Chase & Co. and a Member at The Business Council. He became Chairman of the Board on December 31, 2006, and has been Chief Executive Officer and President since December 31, 2005. Mr. Dimon is on the Board of Directors of Harvard Business School and Catalyst; Chairman of the Business Roundtable; and a member of The Business Council. He is also on the Board of Trustees of New York University School of Medicine. He does not serve on the board of any publicly traded company other than JPMorgan Chase. Mr. Dimon was President and Chief Operating Officer following JPMorgan Chase’s merger with Bank One Corporation in July 2004. At Bank One, he was Chairman and Chief Executive Officer from March 2000 to July 2004. Before joining Bank One, Mr. Dimon held a wide range of executive roles at Citigroup Inc., the Travelers Group, Commercial Credit Company and American Express Company. He graduated from Tufts University and received an M.B.A. from Harvard Business School.

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JPMORGAN CHASE & CO.	Chief Executive Officer
JPMorgan Chase Bank, NA (Investment Management) JPMorgan Chase Bank, NA (Investment Management) Investment ManagersFinance JPMorgan Chase Bank, NA (Investment Management) (JPMC-IM) is the investment management division of JPMorgan Chase Bank, NA, ultimately held by JPMorgan Chase & Co. (NYSE: JPM), a global financial services firm. Headquartered in New York City, JPMC-IM provides asset management services for corporations, institutional investors, hedge funds, governments, healthcare organizations, educational institutions and affluent individuals.	Chief Executive Officer

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JPMORGAN CHASE & CO.

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