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PrintOct 28, 2009
Kicking off its first Global Commodities Forum, J.P. Morgan provided clients with the latest updates on anticipated cap and trade legislation as the U.S. adopts its own policy next year; the influence China is having on commodities spurred by the continuing strength of its economy; and a range of other topics important to investors.
Sponsored by J.P. Morgan's Global Commodities Group, the conference, which was held in New York, included a day of expert panels and prestigious speakers. To highlight the event's importance, Jamie Dimon, chairman and CEO of JPMorgan Chase, welcomed attendees. The conference later featured an interview with Steve Black, executive chairman, J.P. Morgan Investment Bank, discussing recent financial market events with Charlie Rose, executive editor and host of The Charlie Rose Show on PBS, as well as remarks by Blythe Masters, head of J.P. Morgan's Global Commodities Group. The conference keynote speaker, Dr. Henry Kissinger, a recipient of the Nobel Peace Prize and former U.S. Secretary of State, analyzed the current state of geopolitical events, touching on relations with China, Russia and Iran in a keynote speech.
"The conference attendance and the quality of the presentations demonstrate the firm's expertise and leadership in global commodities, the result of J.P. Morgan's having made significant investments in the past two to three years," said Roy Salame, head of Americas Corporate Sales and global head of Oil Sales, pointing to moves into physical oil transactions, soft commodities and the acquisition of Climate Care, as just a few examples. The investment has also been recognized by Energy Risk and The Banker magazines, both of which have presented J.P. Morgan with several awards during the year, including Most Innovative in Commodities.