The Los Angeles Post
U.S. World Business Lifestyle
Today: March 18, 2025
Today: March 18, 2025

JPMorgan's Dimon, top bankers meet China's Li, Ukraine's Zelenskiy in Davos

54th WEF annual meeting in Davos
April 26, 2024

By Antoni Slodkowski and Megan Davies

DAVOS, Switzerland (Reuters) - JPMorgan CEO Jamie Dimon, Bank of America CEO Brian Moynihan, Standard Chartered CEO Bill Winters and Blackstone CEO Steve Schwarzman met Chinese Premier Li Qiang on the first day of the World Economic Forum meeting on Tuesday.

Governor of the People's Bank of China (PBOC) Pan Gongsheng and members of the Chinese government who are part of its delegation in Switzerland were also present at a private lunch with business leaders hosted by the WEF in Davos.

"I'm glad that people are all talking," Dimon told Reuters as he was leaving the lunch in the main WEF conference centre, where leading bankers and business figures mingle with high-ranking government officials from countries around the globe.

Earlier, Ukrainian President Volodymyr Zelenskiy's office said he had met Dimon and other senior JPMorgan executives, BlackRock's top management, and executives from Bridgewater Associates, Carlyle Group, Blackstone, Dell and ArcelorMittal in Davos.

"It is important for us to attract private capital to the reconstruction of Ukraine. We hope that JPMorgan will help attract a large number of global investors and corporations," Zelenskiy said on the Telegram messaging app.

The U.S. Special Representative for Ukraine's Economic Recovery Penny Pritzker, who also attended the meeting, said Zelenskiy's economic message was his commitment to reform.

"There's a lot of question about what's possible today versus what's definitely possible in the future when you're postwar," Pritzker told Reuters.

"They (Ukraine) indicated that they have early interest from some forward-leaning investors who are willing to maybe take more risk than, let's say, an established pension fund, if you will. And then there's certainly individual investors who are quite interested," Pritzker added.

A source familiar with the situation said that JPMorgan had hosted a small meeting that included Dimon, Bridgewater Associates founder Ray Dalio, Blackstone's Schwarzman as well as BlackRock Vice Chairman Philipp Hildebrand.

In the meeting, the Ukrainian delegation emphasised that Ukraine was a country with GDP growth and a viable place to invest when the war with Russia ended, the source said, although there was no suggestion that anything could be done before then.

There was a sense that the investor community should be ready for that time, however, and the group discussed sectors including information technology and real estate, the source told Reuters.

There was also a discussion about the U.S.-China relationship, with an acknowledgement that tension there was not helpful to Ukraine, as it meant the country was looked on as a U.S. rather than a global interest, they added.

(Reporting by Antoni Slodkowski, Megan Davies and Jeffrey Dastin; Writing by Alexander Smith; Editing by Alex Richardson)

Related

Business|Science|Technology

History-making Blue Ghost lunar lander sends one last message from the moon

Business|Economy|Europe|Political|US

UK business minister Reynolds to visit Washington for trade talks

Business|Finance|Political|Technology|US

Canary Capital continues flurry of US crypto ETF filings with Sui proposal

Americas|Business|Economy|Technology

Glencore approached battery recycler Li-Cycle for potential deal

Local

Local|News

Survey reveals Gen Z experiences burnout earlier

Local|Crime|News

LAPD reports drop in homicides, other crimes for 2024

Lifestyle|Local

Holi celebrations in Los Angeles this weekend

Local|Lifestyle|News|WrittenByLAPost

Los Angeles Marathon to take place Sunday

Share This

Popular

Business|Science|Technology

History-making Blue Ghost lunar lander sends one last message from the moon

History-making Blue Ghost lunar lander sends one last message from the moon
Business|Economy|Europe|Political|US

UK business minister Reynolds to visit Washington for trade talks

UK business minister Reynolds to visit Washington for trade talks
Business|Finance|Political|Technology|US

Canary Capital continues flurry of US crypto ETF filings with Sui proposal

Canary Capital continues flurry of US crypto ETF filings with Sui proposal
Americas|Business|Economy|Technology

Glencore approached battery recycler Li-Cycle for potential deal

Glencore approached battery recycler Li-Cycle for potential deal

Economy

Economy|Europe|Political

Germany's top court throws out new claims against Merz's borrowing plans

Germany's top court throws out new claims against Merz's borrowing plans
Economy|Political|US|World

China's Xi may visit US in not-too-distant future, Trump says

China's Xi may visit US in not-too-distant future, Trump says
Americas|Business|Economy

Venezuela's PDVSA to keep producing, exporting oil previously handled by Chevron, document says

Venezuela's PDVSA to keep producing, exporting oil previously handled by Chevron, document says
Business|Economy|Finance|Stock Markets|US

Trading Day: Global rebound enters day two, Wall St lags

Trading Day: Global rebound enters day two, Wall St lags

Access this article for free.

Already have an account? Sign In