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JPMorgan Chase announces management changes
Steve Black named Executive Chairman of the Investment Bank; Jes Staley to become CEO of the Investment Bank; Mary Callahan Erdoes appointed CEO of Asset Management
J.P. Morgan selected by ProShares to service eight newly launched international ETFs
J.P. Morgan Worldwide Securities Services (WSS) today announced that it has been appointed by ProShares, part of ProFunds Group, to service its eight newly launched international exchange traded funds (ETFs).
Risk analytics provider Measurisk crosses 1,000 hedge fund milestone
Leading risk analytics provider Measurisk, LLC, an affiliate of J.P. Morgan Worldwide Securities Services (WSS), today announced that it has crossed an important industry milestone in modeling the full positions of over 1,000 hedge funds – making it the largest position-based hedge fund analytical platform in the industry.
J.P. Morgan to extend Securities Services relationship with Schroder Investment Management
J.P. Morgan Worldwide Securities Services will provide fund accounting, OTC derivatives services and compliance reporting to Schroder Investment Management's UK range of retail funds.
J.P. Morgan Asset Management to transition its Transfer Agency to J.P. Morgan Worldwide Securities Services
J.P. Morgan Asset Management has agreed in principle to transition its existing Transfer Agency operations in the UK and Luxembourg to J.P. Morgan Worldwide Securities Services (WSS).
JPMorgan Chase receives approval to repay $25 billion in TARP funds in full
Company will have Tier One Capital of approximately $188 billion, or 9.3%, and Tier One Common of approximately $93 billion, or 7.3%, after repayment of TARP.
Company reiterates commitment to robust and sound lending and to continued best practices in corporate responsibility.
J.P. Morgan Named Best Overall Hedge Fund Administrator
J.P. Morgan was recently named “Best Overall Hedge Fund Administrator” by HFMWeek magazine in its 2009 Service Provider Awards.
Undergraduates rank J.P. Morgan #1 Ideal Employer in financial services, according to Universum survey
Based on a campus survey of 60,000 undergraduates conducted by campus research firm Universum USA, J.P. Morgan is now the #1 financial services firm for college students seeking jobs, as reported in the new issue of BusinessWeek.
JPMorgan Chase launches The Way Forward website
Informational site highlights resources, offers guidance to help families and businesses get back on their feet.
J.P. Morgan Worldwide Securities Services Extends Relationship with New Zealand’s Largest Institutional Investor
J.P. Morgan announced today that it has been selected by the Accident Compensation Corporation of New Zealand (ACC) to provide an extensive range of custodial, accounting and administration services to support ACC’s New Zealand portfolio.
J.P. Morgan to Provide Custody and Cash Management Services to Flagstone
J.P. Morgan today announced that it has been appointed by Flagstone Re to provide global custody, portfolio accounting and short-term cash management services for their insurance investment assets. Total assets under custody will be approximately $1.3 billion.
J.P. Morgan becomes depositary bank for TNT ADR program
J.P. Morgan today announced it has been appointed the successor depositary bank for the American Depositary Receipt (ADR) program of TNT, the Netherlands-based international Express and Mail company.
J.P. Morgan is top custodian and fund administrator in Luxembourg for 9th year running
J.P. Morgan Bank Luxembourg S.A. today announced that it is the top custodian and fund administrator in Luxembourg, according to the latest figures from Lipper, the independent data firm.
J.P. Morgan to provide third party clearing for Equiduct Exchange Members
J.P. Morgan today announced its GlobeClear business is providing clearing and settlement services for members of the Equiduct Trading System.
Shaun Parkes appointed J.P. Morgan's head of Worldwide Securities Services Asia excluding Japan
Shaun Parkes joins J.P. Morgan in Asia in the newly created position of head of Worldwide Securities Services, Asia excl. Japan. Parkes relocates from J.P. Morgan London where he was global head of depositary receipt sales and client management.
J.P. Morgan's Global Trade Business Wins 15 Industry Awards
During the past twelve months, J.P. Morgan’s Global Trade Services business unit has won a total of 15 awards for leadership on several fronts, including overall trade banking excellence, the management of complex trade finance transactions, and continuing innovation.
JPMorgan Chase announces it will support World Wildlife Fund's Earth Hour 2009
JPMorgan Chase & Co. announced today that it will support action against climate change by participating in Earth Hour 2009, a World Wildlife Fund global event to switch off all non-essential lighting for one hour on March 28.
J.P. Morgan Worldwide Securities Services appointed by Russian private equity firm
J.P. Morgan Worldwide Securities Services today announced that its Private Equity Fund Services business has been appointed by Marshall Capital Partners, a Russian private equity firm, to provide private equity fund administration.
J.P. Morgan appointed by GSIS as custodian for its US$1 billion overseas investment program
J.P. Morgan announced that it has been selected by Government Services Insurance System (GSIS) of the Philippines to serve as custodian for its US$1 billion overseas investment programme.
Water Street Healthcare Partners selects J.P. Morgan for private equity fund administration
J.P. Morgan announced that it has been mandated to provide private equity fund administration services to Water Street Healthcare Partners, a leading private equity firm focused exclusively on the health care industry. With more than $1 billion of capital under management, Water Street is one of the most active investors in health care.
J.P. Morgan Worldwide Securities Services builds on pension custody franchise
Royal Borough of Kingston-upon-Thames Pension Fund is the latest pension fund to appoint J.P. Morgan for securities services
J.P. Morgan selected by the Federal Reserve as custodian for its mortgaged-backed securities purchase program
J.P. Morgan announced that it has been selected by the Federal Reserve to serve as custodian for its program to purchase mortgage-backed securities (MBS). The program, which began on January 5, 2009, will purchase up to $500 billion in MBS.
J.P. Morgan appointed successor depositary bank for Roche ADR program
J.P. Morgan announced that it has been appointed as the successor depositary bank for the American Depositary Receipt (ADR) program of Roche Holding Ltd (Roche), one of the world's leading research-focused healthcare groups in the fields of pharmaceuticals and diagnostics.
J.P. Morgan to provide UK fund accounting and derivatives services for UBS Global Asset Management
J.P. Morgan announced it has been appointed to provide fund accounting and global derivatives services for UBS Global Asset Management’s UK funds, which have $20 billion under management.
J.P. Morgan to offer 32 Vanguard ETFs on the Mexican Stock Exchange
J.P. Morgan announced that its Depositary Receipts (DR) Group has been appointed by Vanguard to offer its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
J.P. Morgan re-appointed custodian for The Plumbing and Mechanical Services Pension Scheme
The Trustee of the £1 billion scheme has also appointed J.P. Morgan to provide fund accounting and performance measurement services. The scheme is already part of J.P. Morgan’s securities lending program, and has been a client of J.P. Morgan since 1996.
Unprecedented depositary receipt liquidity in 2008 according to J.P. Morgan report
Depositary receipts (DR) reached unprecedented levels of liquidity in 2008 and are expected to be strong globally in 2009, according to a J.P. Morgan year-end report.
J.P. Morgan launches sponsor billing reconciliation solution for Separately Managed Accounts
New technology helps asset managers reconcile billing and collect owed fees
J.P. Morgan Investor Services international capabilities recognised by ICFA Awards
J.P. Morgan Investor Services was crowned "European Pension Fund Custodian of the Year" and "European Cash Management Provider of the Year" at the 2008 International Custody and Fund Administration European Awards. It was the third year running in which J.P. Morgan received ICFA’s cash management provider award.
J.P. Morgan is top-rated in private equity fund administration survey
J.P. Morgan Private Equity Fund Services called “excellent” and “top notch” by Global Custodian magazine.
J.P. Morgan's Transition Management business announces expansion, record flows
J.P. Morgan’s transition management business announced it had expanded the global team, added additional fixed income capabilities and conducted one of the largest ever transitions while experiencing record flows.
J.P. Morgan Investor Services announces establishment of Nordic branches and inception of client migration program
J.P. Morgan’s Investor Services business announced that two leading Norwegian institutional investors have transitioned their global custody business to J.P. Morgan, representing an important milestone in the ongoing process of client transfers following J.P. Morgan’s acquisition of Nordea’s institutional global custody business earlier this year.
J.P. Morgan to offer U.S. registered ETFs on Mexican stock exchange
J.P. Morgan announced that its Depositary Receipts (DR) Group will offer selected U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). Through this latest edition to its DR product suite, J.P. Morgan will enable all eligible Mexican stock exchange market participants to achieve the U.S. and global exposure that ETFs can provide, as well as benefit from the convenience of a peso-denominated security.
Eletrobrás retains J.P. Morgan as depositary bank for NYSE listing
J.P. Morgan announced it has been retained by Centrais Elétricas Brasileiras S.A. (Eletrobrás), the largest electric utilities company in Latin America, to be the depositary bank for the company’s American Depositary Receipt (ADR) program listing on the New York Stock Exchange (NYSE).
J.P. Morgan appointed depositary bank for Ecopetrol ADR program launch
Ecopetrol’s ADR is the first NYSE-listed program by a Colombian company in more than a decade
Measurisk joins J.P. Morgan’s Alternative Investment Services
J.P. Morgan's Investor Services announced that leading risk analytics provider, Measurisk, LLC, has become an integral part of its alternative investment services.
J.P. Morgan and IFC join forces to boost trade finance in Asia and the Pacific
J.P. Morgan and IFC announced that they have jointly launched an innovative trade finance structure in Asia and the Pacific to help facilitate and boost trade activities in the region.
JPMorgan launches third party clearing for Warsaw Stock Exchange members
JPMorgan announced that its GlobeClearsm business will now offer third party clearing for Warsaw Stock Exchange (WSE) members who wish to trade Polish securities. JPMorgan will be providing clearing and settlement capabilities to clients who want to transact in equities and fixed income products on the WSE. This latest offering marks the 23rd exchange supported directly by JPMorgan GlobeClearsm.
JPMorgan appointed successor depositary bank for Barclays PLC ADR program
JPMorgan announced today that it has been appointed as the successor depositary bank for the American Depositary Receipt program of Barclays PLC, a major global financial services provider.
JPMorgan selected for Banco Santander ADR program
JPMorgan will manage all aspects of the ADR program in the US for Banco Santander Chile, which is the largest ADR program in Chile as measured by investment value and the third largest as measured by trading value.
JPMorgan Private Equity Fund Services expands in Europe
With the launch of this new European hub, JPMorgan is well positioned as a full service administrator for private equity firms and institutional limited partners in Europe. It is one of the only private equity administrators in the U.K. and the Channel Islands that can offer a range of banking services, including cash management and foreign exchange, as well as tax support services to its administration clients.
JPMorgan wins landmark multinational asset pooling mandate
John Gout, head of Netherlands business development and relationship management for JPMorgan Investor Services said: "This mandate by SAMCo propels us to become one of the top three global custody providers in the Dutch market and gives us further momentum in the region. Our Dutch business continues to be a focus for the firm and we anticipate continued strong growth in the coming years."
JPMorgan selected by Telmex Internacional, S.A.B. de C.V. for ADR program
William Kirst, head of JPMorgan's Latin America Depositary Receipts (DR) business, said: "JPMorgan is proud to serve as the depositary bank for the Telmex Internacional ADR programs, as well as for the Telmex ADR programs. Thanks to clients like Telmex and Telmex Internacional, JPMorgan is the leading provider of DR services in Latin America with 49% of the marketplace and administers more Latin American DRs than any other bank."
JPMorgan wins comprehensive custodial mandate with one of New Zealand's largest organizations
Accident Compensation Corporation of New Zealand confirmed that JPMorgan Investor Services was appointed as it offered the most comprehensive solution set available for ACC’s Australian Custody requirements. JPMorgan will provide a number of efficiencies to ACC operations, including real time reporting services via JPMorgan Access, a proprietary online custody and investment administration reporting tool.
JPMorgan selected by the Petroleum Fund of East Timor to provide custodial services and training opportunities
In the first agreement of its type in East Timor, as well as providing traditional custodial services, JPMorgan will enable BPA officials to undertake capacity building in financial markets. JPMorgan will also provide mandate compliance monitoring and fund performance services to enable BPA to monitor their investment portfolio and evaluate their external fund managers.
JPMorgan launches latest Global Derivatives Collateral offering
JPMorgan, which currently services more than $70 billion in derivatives collateral, is offering the new automated reconciliation technology globally, representing the latest enhancement to its Derivatives Collateral Management (DCM) solution. This technology, which is designed to work in conjunction with TriOptima's triResolve automated position reconciliation service, increases the efficiency and risk management of trading records.
JPMorgan expands Boston fund services operations
JPMorgan Investor Services said it will lease approximately 100,000 square feet at 451 D Street in South Boston, will retain its offices at 1 Beacon Street and expects to hire more than 300 employees for its global funds services business over the next five years. The business provides accounting and administrative services for institutional investors globally.
JPMorgan adds Depositary Receipts staffing in Asia & Latin America
JPMorgan’s new DR specialists in Argentina, Brazil and Singapore will provide a full range of services to companies that want to have their equity traded on exchanges beyond their home markets. The team includes three vice presidents: Bettina Garcia, who will head the local DR sales office in Buenos Aires and is also responsible for DR sales in Chile and Peru, Marcos Yokota, who will head local DR sales in Sao Paulo, and Sharon Tang, who will head the DR sales office in Singapore.
JPMorgan extends compliance reporting services to support socially responsible investment restriction monitoring
The new criteria cover some 50 categories, including adult entertainment, gambling, tobacco, weapons, country ties, board diversity, corporate governance, climate change and faith values. The service can be applied to clients’ custody or accounting records, with online reporting available through JPMorgan’s existing Web-based Compliance Reporting application.
JPMorgan is top custodian and fund administrator in Luxembourg
JPMorgan Bank Luxembourg S.A. today announced that it is the top custodian and fund administrator in Luxembourg, according to the latest figures from Fitzrovia, the independent data firm.
JPMorgan and Trax Technologies offer supply chain financing to freight carriers and shippers
JPMorgan and global transportation management company Trax Technologies, Inc. today announced that they have formed an alliance to jointly offer a suite of logistics and financial services that includes supply chain financing solutions for Trax's highly integrated customer base of freight carriers and shippers. With financing provided in addition to outsourced freight services that automate and manage a carrier's billing process, the combined Trax offering enables carriers and their customers to further optimize their working capital and cash flow.
JPMorgan Commits $30 Million to Implement Central Platform for Global Services
JPMorgan, a full-service provider of cash management, trade finance, and treasury solutions, today announced that it will make a $30 million technology investment to implement a centralized operating platform supporting expansion of the bank's global treasury management and liquidity services businesses.
JPMorgan Private Equity Fund Services launches DealVault technology
JPMorgan Private Equity Fund Services (PEFS) developed DealVault to provide CFOs, deal and investor relations professionals with an advanced platform to centralize volumes of deal tracking information. DealVault integrates with accounting and back office systems, providing private equity investment professionals with one platform to administer every aspect of a private equity investment’s lifecycle.
JPMorgan to acquire institutional global custody portfolio of Nordea
JPMorgan Worldwide Securities Services (WSS), a leading provider of global custody and fund services, today announced its intent to acquire the institutional global custody portfolio of Nordea.
JPMorgan wins Cavali custody contract
JPMorgan Securities Company (SC) will be providing custody and asset administration services to Cavali for its portfolio of global securities. JPMorgan also provides services to several other central depositories, central banks, commercial banks, government institutions and corporations in the Latin America region.
London Pensions Fund Authority selects JPMorgan for alternative investment portfolio administration
JPMorgan Private Equity Fund Services (PEFS) will provide LPFA with a set of comprehensive services to give greater insight on the performance, concentration and risk across the alternative investment portion of their assets. The services include cash management, cash flow tracking, performance measurement and analytics. There is also a sophisticated board-quality reporting capability.
JPMorgan to Provide Custody, Fund Accounting, and Securities Lending for Devon County Council Pension Fund
JPMorgan today announced it has been mandated by Devon County Council Pension Fund to provide global custody and related services for its £2.2 billion Fund. The mandate comes following a formal review by Devon County Council to consolidate all of its assets with one global custodian.
JPMorgan to provide Currency Hedging for West Midlands Pension Fund
The Foreign Exchange and Rates (FX & Rates) division of JPMorgan’s investment bank will provide the currency hedging through its Passive Currency Overlay Programme for about £1.3 billion of non-UK assets.
AustralianSuper selects JPMorgan for Private Equity Fund Services
JPMorgan PEFS will manage and support various processes for AustralianSuper, including alternative investment performance and investor tracking, while also assisting with the streamlining of AustralianSuper’s private equity instructions process. JPMorgan’s technology is the result of 10 years of private equity fund administration experience.
JPMorgan report says DRs hit record levels in 2007
JPMorgan’s Depositary Receipts (DR) group said that 2007 saw record levels with DR trading volumes increasing 55% to 85 billion shares and values increasing 92% to $3.1 trillion, according to JPMorgan’s DR “Year in Review 2007” report.
JPMorgan Hedge Fund Services Opens Luxembourg Office
Bhagesh Malde, head of JPMorgan Hedge Fund Services in Europe and Asia said: “Luxembourg is an important market for our existing and future hedge fund and fund of hedge fund clients, and opening a full service office there is an important part of our expansion strategy into additional domiciles to be closer to our clients and service them on the ground. As the Luxembourg market grows, we intend to grow with it.”
JPMorgan GlobeClear to provide Euronext securities clearing services for URALSIB Securities
John Lewin, CEO of URALSIB Securities, said: “This gives our clients direct access to the Paris Bourse, Brussels Bourse, Amsterdam Stock Exchange and Lisbon Stock Exchange and underlines our strategy to be responsive to the demands of our clients with innovative solutions. JPMorgan is an ideal partner to help us provide the best possible service to our clients."
Taiwanese Chunghwa Telecom switches ADR program to JPMorgan
JPMorgan today announced that Chunghwa Telecom Co., Ltd. (“Chunghwa Telecom”) has switched the management of its American Depositary Receipts (“ADR”) program to JPMorgan effective 21 November 2007. Chunghwa Telecom’s ADRs are listed for trading on the New York Stock Exchange (“NYSE”), whilst its ordinary shares are listed for trading on the Taiwan Stock Exchange.
JPMorgan appointed successor depositary bank for Sanofi-aventis ADR program
Sanofi-aventis' ADR program is the largest in France and is among the top 10 ADR programs in Western Europe, as measured by number of ADRs outstanding.
State of Michigan retirement system hires JPMorgan for alternative investment portfolio administration
JPMorgan Private Equity Fund Services (PEFS) will provide the State with a set of comprehensive services to give greater insight on the performance, concentration and risk across the alternative investment portion of the assets. The services include investment accounting, cash flow tracking and forecasting, reporting and analytics, as well as the ability to easily generate board-quality reports.
JPMorgan adds bench strength to executive management team in support of wholesale and broader banking strategy
JPMorgan TSS announced the capstone of its strategic foothold in the wholesale banking market with the appointment of Jane Perry as Head of Worldwide Securities Services (WSS), Australia & New Zealand. Formerly COO of AXA Australia and New Zealand, she joins alongside Tony O’Neill who was recently appointed Head of Treasury Services (TS) Australia & New Zealand. Collectively, the two have over 40 years of business management experience in leadership roles across a broad range of functions.
JPMorgan launches Grupo Clarin depositary shares program
JPMorgan today announced the launch of a global depositary shares (GDS) program for Grupo Clarín, Argentina’s largest media company, making it the first Argentine company to have a depositary receipt (DR) listing on the London Stock Exchange.
JPMorgan Worldwide Securities Services expands in the Middle East
JPMorgan Worldwide Securities Services (JPMorgan WSS) today announced it has expanded its Securities Company’s business in the Middle East.
JPMorgan announces the first exchange tradable product on a JPMorgan benchmark bond index
JPMorgan and Euronext, one of the leading cash equities and derivatives exchanges in the world, have announced the listing of the first tradable product and exchange traded fund, the JPMorgan Exchange Traded Fund, to be based on the firm’s European Monetary Union Government Bond Index.
JPMorgan receives African Banker’s first ‘Investment Bank of the Year’ award
JPMorgan was awarded the first ‘Investment Bank of the Year’ award by African Banker magazine at a ceremony attended by Africa’s top bankers, finance ministers and central bank governors in Washington D.C.
JPMorgan adds India's Financial Technologies as new depositary receipts services client
JPMorgan today announced that it is acting as depositary bank for Financial Technologies (India) Limited (“Financial Technologies”). JPMorgan provides a full complement of ADR and GDR services to issuers seeking to have their equity traded on exchanges beyond their home markets. JPMorgan's primary services include DR Issuances and Cancellations, Stock Transfer, Tender and Exchange Offer and Subscription Rights Agency services, and Tax Reclamation services for investors.
John Hancock selects JPMorgan for separately managed account administration
JPMorgan Managed Account Solutions will provide John Hancock Private Client Group (JH PCG) with a variety of services to automate back office functions for their 5,000 separately managed accounts (SMAs). The JPMorgan services will include: shadow accounting, account reconciliation, account maintenance, performance calculation and trading. These services allow asset managers to reduce risk, streamline processes and improve services to their customers.
JPMorgan nets top-rating in first-ever private equity administration survey
JPMorgan Private Equity Fund Services (PEFS) was top-rated overall for firms that provide administrative services to private equity firms. JPMorgan also secured the highest rankings from clients in North America and from clients of varying sizes from less than $100 million in committed capital to more than $10 billion, according to Global Custodian magazine, which conducted the survey.
JPMorgan named as one of the top 50 employers in the U.K. for women
For the second year running, The Times newspaper has named JPMorgan as one of the top 50 employers of women in the U.K. in its annual survey of “Where Women Want to Work.”
JPMorgan securities lending business executive speaks at Sibos
During the panel discussion, “e-FX: the lion's share of FX trading?”, O’Connor noted the transformation of the FX market. With the proliferation of electronic trading portals, the execution process of FX transactions is becoming more automated and efficient.
JPMorgan enhances US agent bank clearing functionality
As part of the initiative, JPMorgan has made a multi-million dollar investment in its US Agent Bank Clearing product, to expand its core clearance and custody systems to improve settlement of securities processes through the Depository Trust & Clearing Corporation (DTCC).
JPMorgan Treasury Services Announces Launch of Enriched Euro Payment Services to Coincide with its TARGET2 Readiness
JPMorgan Treasury Services, the second largest euro clearer*, today announced the next phase of its Euro Payments Strategy. To complement the migration to TARGET2, which will launch industry-wide next month, JPMorgan is now introducing a new range of product features for its clients.
JPMorgan donates $100,000 to Boston Youth Symphony Orchestras
The JPMorgan grant will fund 16 concerts in the BYSO’s 50th anniversary season, which begins Sunday, October 7th at Boston’s Symphony Hall. The donation will also support the BYSO’s community outreach program, making 250 tickets available to local community youth groups that may not otherwise have the opportunity to attend orchestral concerts.
American Century Investments names JPMorgan as sole provider of custody and fund services for $100 billon in assets
JPMorgan Worldwide Securities Services is the primary custodian and securities lending agent for American Century, but under the new arrangement, JPMorgan will be the sole provider for those services and will also provide fund accounting, financial reporting and tax services, pending contract finalization. The new services will be provided by JPMorgan’s Boston-based Fund Services unit, which is part of the firm's global integrated fund accounting platform with locations in the U.S., Europe and Asia.
WSIB hires JPMorgan as custodian and securities services provider for $82 billion in assets
JPMorgan Worldwide Securities Services will provide a wide range of custody and securities services including: global custody, fund accounting, compliance measurement, securities lending, foreign exchange and performance measurement. The Board will have a dedicated client service team with on-site client service in Olympia, WA.
JPMorgan Hedge Fund Services to provide fund administration and custody services to over $10BN of FRM Fund of Hedge Funds Assets
JPMorgan Hedge Fund Services will provide fund accounting, financial reporting, transfer agency, partnership allocations and custody services to over $10bn of assets in portfolios managed by FRM.
JPMorgan Worldwide Securities Services announces custody mandates for DSG and George Wimpey Pensions
JPMorgan Worldwide Securities Services provides the DSG Retirement and Employee Security Scheme with global custody and passive currency overlay services, and provides global custody for the George Wimpey pension plan.
JPMorgan announces depositary bank mandate for Vimetco
Netherlands-based Vimetco, a global, vertically integrated producer of primary and processed aluminum products, with operations in Romania and China, listed its GDRs on the London Stock Exchange in a $515 million offering.
JPMorgan launches Almacenes Exito Global depositary receipt program
Almacenes Exito (EXITO.BO), Colombia’s largest retailer, raised $392 million from the offering which, issued under Rule 144A and Regulation S of the U.S. securities law, allows investments to qualified institutional investors only. Exito’s stores sell consumer products, fresh products, apparel, home products and entertainment items.
JPMorgan adds WuXi Pharmatech to the list of new Chinese clients it serves as depositary bank
WuXi PharmaTech is a leading China-based pharmaceutical and biotechnology research and development (“R&D”) outsourcing company. It provides a broad and integrated portfolio of high quality chemistry, biology and manufacturing services in the drug discovery and development process to pharmaceutical and biotechnology companies.
E-House as JPMorgan's new depositary receipts services client
E-House is a leading real estate services company in China. It provides primary real estate agency services, secondary real estate brokerage services as well as real estate consulting and information services.
JPMorgan Enhances Investment Analytics Technology
JPMorgan has redesigned its Investment Analytics & Consulting technology and services, so it can offer detailed security-level, multi-currency performance measurement and analytics to insurance companies, asset managers and pension and endowment fund executives using third-party data.
JPMorgan announces mandate for first Nigerian GDR in London
Shaun Parkes, global head of sales for JPMorgan Worldwide Securities Services’ depositary receipts business, said, “We are very pleased to have been chosen as depositary for GTBank in this landmark transaction.
JPMorgan Worldwide Securities Services named Custodian for ICI Specialty Chemicals Pension Fund
JPMorgan Worldwide Securities Services today announced it has been appointed custodian for the ICI Specialty Chemicals Pension Fund. JPMorgan already provides custody services for the ICI Pension Fund, which provides pensions for ICI employees who work for a different part of the company.
JPMorgan builds Hedge Fund Services team in Asia
JPMorgan Hedge Fund Services delivers extensive solutions for hedge fund and fund of hedge funds clients seeking independent administration and custody services.
JPMorgan Opens New Image Deposit Center in Tokyo
JPMorgan, a leading global full-service provider of cash management, trade finance, and treasury solutions, today announced the opening of its International Image Deposit Center ("IDC") in Tokyo, Japan.
JPMorgan nets new custody clients in middle market sector
JPMorgan Worldwide Securities Services became a leader in the custody industry by serving some of the world’s largest corporations, mutual funds, pension funds and insurance companies. Now, it is looking to significantly increase the number of clients in the Middle Market, which have up to $1 billion in assets. The business unit has created a dedicated team to provide custody services for not-for-profit institutions and mid-sized companies. It has also launched a new campaign with the firm’s Commercial Bank to expand business with existing clients.
JPMorgan's Trustee and Fiduciary business tops $1 trillion in assets under trusteeship
The business, which earlier this year celebrated its 20th anniversary, acts in a fiduciary capacity for European collective investment schemes and is a top provider of services in Dublin, Frankfurt, Jersey, Luxembourg and the UK. T&F services have recently been expanded to include Belgium, China and Taiwan.
JPMorgan adds 20th Derivative Collateral Management client
More than half of CommanD's existing client base includes large multi-national financial institutions, broker-dealers and asset managers including the World Bank, Resolution Asset Management, Standard Life Investments and JPMorgan Asset Management (UK), among others.
JPMorgan Worldwide Securities Services announces five mid-market Pension Fund Custody mandates
The pension fund sponsors include ArvinMeritor UK, House of Fraser, Kingston Communications, Lend Lease UK and Pilot’s National Pension Fund.
JPMorgan Chase and McKesson Form Strategic Relationship To Transform and Simplify Healthcare Claim and Payment Processing
The Healthcare Solutions business of JPMorgan Chase (NYSE: JPM) and RelayHealth, the connectivity services company of McKesson Corporation (NYSE: MCK), announced that they have formed a strategic relationship to offer an integrated set of claim and payment processing solutions.
JPMorgan Worldwide Securities Services expands Dutch office
JPMorgan Worldwide Securities Services in the last year has hired a team based in Amsterdam to work with Dutch corporate and institutional investors, such as pension funds, fund management and insurance companies.
JPMorgan acts as depositary bank for Yingli Green Energy’s newly launched American Depositary Receipts Program
Each Yingli Green Energy ADR represents one common share. A total of 29,000,000 American Depositary Shares were sold in the offering at a price of US$11 per ADR, resulting in a total offering size of US$319 million.
GSA Awards JPMorgan Chase A SmartPay® 2 Charge Card Contract
The GSA SmartPay® 2 program is the largest government charge card program and is used by federal agencies and organizations to obtain purchase, travel, fleet and integrated charge card services from authorized providers like JPMorgan Chase.
Texas Workforce Commission Selects JPMorgan Chase for Unemployment Debit Card
The Texas Workforce Commission (TWC) has selected JPMorgan Chase to provide debit cards for unemployment insurance benefits, replacing traditional paper checks.
JPMorgan re-opens Turkcell ADR Program
JPMorgan today announced that it has successfully re-opened American Depositary Receipt ("ADR") issuances and cancellations for Turkcell Iletisim Hizmetleri A.S. ("Turkcell"), effective 17 May 2007. Turkcell is the leading mobile communications provider in Turkey.
JPMorgan Asset Management takes No. 1 spot in global hedge fund ranking
JPMorgan Asset Management is now the world's largest hedge fund manager, earning the No. 1 spot on Alpha magazine's just-released "2007 Hedge Fund 100" list.
JPMorgan acts as depositary bank for China Sunergy’s newly launched American Depositary Receipt Program
A leading manufacturer of solar cell products, China Sunergy completed its level 3 new initial public offering of American Depositary Receipts (ADRs) on NASDAQ on May 22, 2007.
JPMorgan launches Depositary Receipt Index program
JPMorgan today announced the launch of its first Depositary Receipt Index program with a dozen indexes designed to provide retail and institutional investors with new investable benchmarks for global equity performance.
JPMorgan Chase Closes Acquisition of Xign
JPMorgan Chase Bank, N.A. (NYSE: JPM) today announced the closing of its acquisition of Xign Corporation, a leading provider of business-to-business on-demand financial settlement solutions. The business will be known as JPMorgan Xign Corporation.
JPMorgan is first 3rd party administrator in Luxembourg to reach $300 billion mark
According to Fitzrovia, the independent data firm, JPMorgan Bank Luxembourg S.A. is the first 3rd party Luxembourg fund administrator to have $300 billion of assets under administration and is the largest custodian and fund administrator in Luxembourg.
JPMorgan launches Private Equity Fund Services in UK
Huw Jones joins as head of JPMorgan Private Equity Fund Services’ London office to expand the business throughout Europe and the Middle East, offering fund administration and portfolio administration to European and Middle Eastern private equity firms and to limited partners (investors).
China¿s Linktone selects JPMorgan as the successor Depositary Bank for its NASDAQ-listed American Depositary Receipt program
Linktone is a leading provider of wireless interactive entertainment products and services in China. The company provides a diverse portfolio of services to wireless consumers, with a particular focus on media, entertainment and communications.
JPMorgan and BNP Paribas Announce Completion of the First Live Interbank SWIFTNET Trade Services Utility
JPMorgan and BNP Paribas today announced that they have processed the first live interbank end-to-end transaction through the now-commercially available SWIFTNet Trade Services Utility (TSU).
JPMorgan celebrates 80th anniversary of the ADR
JPMorgan created and launched the first–ever ADR on April 29, 1927 for the U.K.’s Selfridges Provincial Stores Limited (now known as Selfridges PLC), the famous British retailer. The first ADR was listed on the New York Curb Exchange, the precursor to the American Stock Exchange.
JPMorgan Chase Receives EHNAC Accreditation
JPMorgan Chase today announced it is the first financial services company to receive accreditation by the Electronic Healthcare Network Accreditation Commission (EHNAC) for its Healthcare Link business.
JPMorgan wins custody mandate for Pension Insurance Corporation
JPMorgan will provide custody, fund accounting and associated services for PIC.
JPMorgan Chase to Acquire Xign Corporation
JPMorgan Chase signed an agreement today to acquire Xign, a leading provider of on-demand financial settlement solutions.