JPMorgan is all set to hire more than 500 employees across the Latin American region as it witnesses growth in the market.

According to a report carried out by Yahoo, the hiring plans of JPMorgan for the next three years are mainly centred around Buenos Aires hub. The new hires will add to the 3,850 employees of the bank based across the Latin American countries namely Chile, Colombia, Peru, Argentina, Brazil and Mexico.

Alfonso Eyzaguirre, JPMorga’s CEO for Latin America and Canada aid, “For 2022, we believe the region will have a challenging year, as Covid is not going away, the Fed is expected to taper and raise rates, local central banks are also increasing rates, and we will have our own idiosyncratic Latin America issues, mostly on the political front.”