MEDIA RELEASE PR38584
J.P. Morgan Further Strengthens Its Domestic Treasury Management Offering in Malaysia
HONG KONG, Mar. 3 /PRNewswire-Asia-AsiaNet/ --
J.P. Morgan Treasury Services today announced investments in Malaysia to further strengthen its
domestic capabilities, as part of its US$1 billion global investment announced in 2008. J.P. Morgan
has completed the integration of its in-country treasury management service offering and core
infrastructure to provide its clients with seamless working capital management solutions.
J.P. Morgan has a three-year plan to increase the number of employees working for its Malaysian
Treasury Services operations. In addition, J.P. Morgan's clients with operations in Malaysia are now
able to benefit from using J.P. Morgan ACCESS(SM), the bank's global internet banking platform for
cash management, information reporting, trade services and foreign exchange.
J.P. Morgan Treasury Services provides cash management services with nation-wide coverage in
Malaysia, including high value payments, paper clearing and payables & receivables management,
as well as trade finance and liquidity management services.
Raof Latiff, managing director and Asia head of Treasury Services clearing and foreign exchange
at J.P. Morgan said: "As Malaysia's economy grows and trade flows increase, corporate
requirements will become increasingly complex, driving the demand for efficiency and for integrated
solutions. J.P. Morgan is in a unique position to provide its clients with sophisticated cross-border
cash management solutions supported by state-of-the-art electronic tools. We are delighted to be
able to strengthen our treasury management service offering in Malaysia to help our clients achieve
their expansion plans."
Clement Chew, J.P. Morgan's senior country officer in Malaysia added: "These investments are
an important thrust in our plans to build on J.P. Morgan's franchise in Malaysia, where the firm's
presence dates back to 1964. They also add to our recent product expansion in various areas. For
example, we have used our onshore securities platform to develop our futures and options and
stock-borrowing lending capabilities locally to be able to offer our clients a wider range of services.
We look forward to further growing our commercial bank in 2010."
J.P. Morgan is the world's largest U.S. Dollar clearing and commercial bank. J.P. Morgan
Treasury Services leverages the services and products of the bank's Worldwide Securities Services
division, as well as its Investment Bank, Asset Management and Private Bank lines of business to
provide its clients with integrated banking solutions.
About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative
payment, collection, liquidity management, trade finance, commercial card and information solutions
to corporations, financial services institutions, middle market companies, small businesses,
governments and municipalities worldwide. With more than 50,000 clients and a presence in 39
countries, J.P. Morgan Treasury Services is one of the world's largest providers of treasury
management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2
trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial
services for consumers, small business and commercial banking, financial transaction processing,
asset management and private equity. A component of the Dow Jones Industrial Average,
JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's
most prominent corporate, institutional and government clients under its J.P. Morgan and Chase
brands. In Asia Pacific, J.P. Morgan operates through 26 offices in 15 countries and has developed
its wholesale banking franchise during a history of almost 160 years in the region. More information
Media Contact:
Karene Dufour Lo
J.P. Morgan Treasury & Securities Services - Asia Pacific (ex-Australia)
Tel: +852-2800-1924
Email: karene.c.dufourlo@jpmorgan.com
SOURCE: J.P. Morgan
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