The London-based chief executive of JP Morgan’s corporate and investment bank has earmarked the UK, Germany and China as growth regions for the firm in 2016, and said it would prioritise hires in the technology, media and telecoms, and healthcare sectors as it pushed to keep a competitive edge.

Daniel Pinto added that another focus would be to review the deployment of capital by undertaking a "comprehensive view" of clients, including "capital and liquidity utilisation, pricing terms and overall profitability" - without retreating from being a global, full-service bank.