NEW YORK (

TheStreet

) -- This is not the first time that

JPMorgan Chase's

(JPM) - Get Report

Chairman and CEO Jamie Dimon has been a keynote speaker at the annual Barclays Capital Global Financial Services Conference, but this year, his message took a new turn - Dimon emphasized that the dominant growth for the banking titan will primarily come from its international business.

Dimon was also the keynote speaker at the formerly-named

Lehman Brothers

financial services conference back in 2006 -- the height of the housing market. While former banking honchos such as

Countrywide's

Angelo Mozilo,

Washington Mutual

's CEO Kerry Killinger and

Wachovia

's Ken Thompson paraded their businesses to investors at the time, Dimon, even back then was noting JPMorgan's increasing cautiousness surrounding its subprime exposure, according to the Barclays analyst that introduced him to the audience during Tuesday's lunch hour speech.

Interestingly enough, Mozilo, Killinger and Thompson are not only now ex-CEOs, but all three companies, along with a good many others that were presenters at the conference in 2006, have since been acquired. Countrywide was acquired by

Bank of America

(BAC) - Get Report

, WaMu by JPMorgan Chase and Wachovia bought by

Wells Fargo (WFC) - Get Report

.

The fact that Dimon is one of the few U.S. financial leaders still in pole position at his bank demonstrates the sound business strategy and principles at JPMorgan Chase, noted the Barclays analyst in his introduction.

>>Wells CFO Says Bank Is Basel Ready

From the outset, Dimon reiterated a message he's been articulating for much of the year - that international growth is a priority and a necessity due to the intense competition, particularly from foreign banks, for corporate business.

"International competition is going to be tough," he said. "We have to compete with the best out there around the world."

>>Fifth Third Expects Mortgage Repurchase Hit

In 1989, 45 of the top 50 banks by market capitalization were U.S. banks. "Today, it's 11

banks," Dimon said. "You can't tell me that's a good thing."

Of the top 10 banks ranked leaders in U.S. equity, equity-related and debt offerings in 1989, only two firms,

Goldman Sachs

(GS) - Get Report

and

Morgan Stanley

(MS) - Get Report

even still exist, according to a JPMorgan presentation slide.

In 1999, only four of the top 10 banks still exist including JPMorgan, Goldman, Morgan Stanley and one foreign firm - Credit Suisse.

Last year, five of the top 10 banks ranked for U.S. equity, equity-related and debt business were foreign banks --

Barclays

(BCS) - Get Report

,

Deutsche Bank

(DB) - Get Report

, Credit Suisse,

UBS

(UBS) - Get Report

and

Royal Bank of Scotland

(RBS) - Get Report

, the slide says.

JPMorgan Chase is hiring "hundreds of salespeople to serve our corporate clients around the world," Dimon said. "We've always done it." We're just really accelerating it."

JPMorgan Chase shares were falling 0.6% to $40.89 on Tuesday. The stock is down 15% from its 52-week-high in April. The stock is also down nearly 1% for the year as of Monday's closing price.

--Written by Laurie Kulikowski in New York.

To contact the writer of this article, click here:

Laurie Kulikowski

.

To submit a news tip, send an email to:

tips@thestreet.com

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.