The Perspective of Jamie Dimon

Good afternoon, your royal highnesses, your excellencies, and distinguished guests. It's a privilege to address you today at the fourth annual Abu Dhabi Finance Week. I was just in Abu Dhabi last month, and I greatly enjoyed my time there. I was struck by the rate of change and all that Abu Dhabi has accomplished over recent years. Abu Dhabi's transformation has been nothing short of remarkable.

The city is alive with ambition, innovation, and opportunity, which make it a very exciting place to live and work today. It strategic location at the crossroads of Africa, Asia, and the West continues to track global attention, positioning Abu Dhabi, and the UAE as a nexus for capital, talent, and ideas. The Emirates reputation for stability and forwardthinking policy has also made it a magnet for investment and model for economic development. The pace of change in Abu Dhabi is unmistakable, reflected in its ever evolving financial sector and the energy of its thriving business community. JP Morgan's journey in Abu Dhabi parallels this remarkable transformation.

For more than 40 years, we have worked alongside your leading institutions, supporting their ambitions and contributed to the city's dynamic development. Our footprint has grown, our team has expanded, and our dedication to the market has only strengthened. A pivotal moment in our story came with the financial services regulatory authorities approval to upgrade our license to category 1. This achievement enables us to offer an expanding suite of services including deposit taken and payment processing to our wholesale banking clients directly through our entity in the Abu Dhabi global market. JP Morgan strategic expansion is a clear reflection of our long-term vision for the UAE.

By deepening our presence in Abu Dhabi, we are better equipped to serve both local and international clients, helping them seize opportunities and navigate challenges in a complex landscape. 15 years ago, we established our office in Abu Dhabi, and we're among the first to invest in the district. Witnessing its evolution into a vibrant financial center has been truly inspiring, and we're proud to be part of this ongoing journey. Abu Dhabi's vision for the future is bold. The city is investing advanced technologies, reimagining financial systems, and driving the energy transition.

The integration of AI and quantum computing is reshaping capital markets and preparing for the next era of growth. JP Morgan shares this forward-looking approach and we believe the opportunities ahead are immense for both JP Morgan and Abu Dhabi. Thank you for allowing me to share these thoughts with you today. I look forward to seeing how Abu Dhabi continues to lead, innovate, and inspire. We remain committed to supporting you and our clients as we move into this exciting future together.

Enjoy the rest of the sessions and the week ahead.