The Importance of Mexico as a Critical Market for JP Morgan

During an interview in Mexico, Jamie Diamond, the head of JP Morgan, emphasized the critical importance of the Mexican market for their bank. With a 120-year presence and 6,000 employees in the country, JP Morgan sees Mexico as a top opportunity. Diamond discussed the potential for near-shoring, which brings more business to both Mexico and the United States, as well as the importance of infrastructure, affordable energy costs, and good policy for further growth. He also highlighted the mutual problem of security between Mexico and the US, stressing the need for cooperation. Diamond identified manufacturing, advanced manufacturing, agriculture, and technology as sectors with significant opportunities for near-shoring in Mexico.