JPMorgan expands global corporate banking business to Greece

An internal memorandum shows that JPMorgan is expanding its global corporate banking business to Greece in order to broaden the range of services it offers in the country. This expansion will be led by Konstantinos Makrydakis, who will serve as the Head of Global Corporate Banking in Greece and will be responsible for coverage of the country’s large and medium-sized corporate clients. JPMorgan is already conducting investment banking operations in Greece. Stelios Papadopoulos will continue as Senior Country Officer for Greece, Cyprus, and Malta. This move comes as Greece has recently achieved a significant recovery from a decade-long debt crisis. Greece’s economic growth now outpaces that of many European countries, unemployment has fallen to its lowest level since 2008, and public debt is rapidly decreasing. Since 2023, Greece has regained investment grade status from all major rating agencies, and earlier this year the country’s stock market was upgraded by MSCI to developed market status.