JP Morgan Chase remains committed to Philippine BPO

JP Morgan Chase

JP Morgan Chase, a major American business process outsourcing (BPO) employer in the Philippines has reaffirmed its commitment to the Philippines, allaying fears about a possible exit of BPO companies following Donald Trump’s win as US president. American companies will not unwind their operations now just because Trump has been elected new US president, said Rohit Chatterji, JP Morgan head of investment banking for South and Southeast Asia. Chatterji told the Inquirer that setting up an offshoring hub in the Philippine still offers a good value proposition for American companies. JP Morgan has 15,000 employees in the country. JP Morgan executive director and head of banking – Philippines Carlos Ma Mendoza said the company has not changed its plans for the Philippines.