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JPMorganChase has appointed Sailepu Montet, a senior official at the Central Bank of Kenya (CBK), to spearhead its operations in Kenya. This appointment comes as the global banking giant sets the stage to officially open its newly licensed representative office in Nairobi, marking a strategic milestone after more than a decade of navigating regulatory approvals. Montet brings extensive financial experience to the role, having previously served as the deputy director of financial markets and head of reserves management at the CBK. His background also includes leadership roles at Barclays Plc and Absa Bank Kenya, where he acquired significant expertise in both local and global financial markets. This blend of experience positions him well to guide J.P. Morgan’s entry into Kenya's financial landscape. The new representative office will focus on commercial and investment banking, along with treasury services, particularly targeting major government enterprises and multinationals. In addition, the office will act as a liaison hub, helping to expand the bank’s footprint across East Africa. CEO Jamie Dimon emphasized the importance of physical presence in building relationships and gaining deeper market insights during his tour of key African countries, including Kenya, Nigeria, and South Africa. JPMorgan’s long-awaited entry into Kenya boosts the count of international banks with representative offices in the country to ten. This development reflects both rising investor confidence and heightened competition among global financial institutions operating in Kenya. President William Samoei Ruto PHD hailed the bank’s move as a testament to Kenya’s emerging position in the global financial ecosystem, underscoring JPMorgan’s commitment to support both government and private sector growth across the region. #Banking #Finance #Leadership #EastAfrica #Investment #JPMorgan