J.P. Morgan Treasury Services today announced that it is strengthening
the organizational structure of its Global Trade practice to better
address the industry's increasing demand for market-leading trade
finance and supply chain management solutions. Under the leadership of
Global Trade Executive Daniel Cotti, J.P. Morgan is expanding the bank's
award-winning Global Trade organization, hiring several new senior
managers for key positions and adding nearly 100 trade and supply chain
professionals to the firm's international team.
The new structure introduces Centers of Excellence for all trade
products in every region of the world; regional Trade Advisory teams;
and Solution Delivery teams enabling Trade sales specialists to devote
more time to clients and internal sales partners.
?J.P. Morgan is positioning itself for unprecedented growth in its
Global Trade business and is committed to being one of the world's
leading Trade banks,? said Mr. Cotti. ?By adding key personnel and
redesigning our business to more quickly meet clients' needs, we aim to
increase our traditional trade market share and expand our supply chain
management and structured trade finance businesses. This enhanced
product strategy will leverage our U.S. Commercial Bank franchise,
participate in the firm's Global Corporate Bank expansion, and build
stronger trade partnerships with financial institutions around the
world.?
Among the new senior management positions reporting to Mr. Cotti are:
Pravin Advani, Managing Director, Global Trade Executive for Asia.
Mr. Advani will lead the Global Trade team in Asia where most of J.P.
Morgan's clients remain very active and tremendous growth opportunity
exists. Mr. Advani has more than 20 years' experience in the banking
industry focusing on the pan-Asian, Eastern Europe and Middle East
markets. His impressive track record includes trade product management,
sales, client and risk management positions at ABN AMRO/RBS and
Citigroup.
Andrew Betts, Managing Director, Global Head of Supply Chain. In
this new Global Trade position, Andrew Betts and his global team will
deliver a market-leading proposition of modular, integrated solutions to
address clients' financing and regulatory needs across the entire supply
chain. Mr. Betts' remit includes the leadership of J.P. Morgan's new
Global Supply Chain organization, which incorporates the existing
Logistics practice globally. Andrew is at the forefront of the industry
and has considerable experience in international trade, supply chain
financing and logistics services in more than thirty countries. He
previously has held senior management positions at Deutsche Post/DHL,
ABN AMRO and RBS.
David Conroy, Regional Trade Executive for North America and Global
Trade Sales Head. Based in New York, Mr. Conroy has more than 20
years of transaction banking experience. He joins us from Deutsche Bank
where he was Americas Head of Trade Finance, and Head of Cash Management
for Corporates, and led the franchise expansion. Prior to that, he was
at Citibank in their Transaction Services Group in various senior
management roles across cash, trade and relationship management.
Andrea Leonel, Regional Trade Sales and Advisory Head, Latin
America. Based in Sao Paulo, Ms. Leonel is responsible for Trade
Sales and Advisory for the LatAm markets. Previously at Deutsche Bank
S.A. - Banco Alemao, she was Head of Trade Finance and interim Head of
Cash Management Corporates with particular exposure to Brazil and South
America. Prior to that, she held Trade Finance roles at Citibank and
Bank Boston. Andrea will report to Mike McKenzie, the Regional Treasury
and Securities Services Executive for LatAm.
Kao Fang Ming, Trade Head for China. Ming assumes this
newly created position with responsibility for partnering with the
Global Corporate Bank to lead Global Trade's business and growth in this
important market. Previously Ming was China Head for Global Trade Sales,
Trade, and Supply Chain at HSBC in China and worked at Standard
Chartered Bank in transaction banking where she was based in Singapore,
China, Hong Kong and London. Kao Fang Ming will report to Pravin Advani,
Regional Trade Executive for Asia, and Lisa Robins, the Country TSS
Executive for China.
Prashant Pillai, Trade Head for India and South Asia. As part of
J.P. Morgan's Global Corporate Bank rollout and increased business focus
on its franchise in India, Mr. Pillai will lead trade business in India.
He previously worked for ICICI Bank and most recently for ABN AMRO/RBS
India where his responsibilities included the initiation and structuring
of cross border and domestic trade deals involving trade finance and
end-to-end credit structures. Mr. Pillai will report to Pravin Advani
and locally to Rajiv Jain, Treasury Services Head for India and South
Asia.
J.P. Morgan's new Global Trade management team also is comprised of
Jeremy Shaw, Regional Executive for EMEA; Mike McKenzie, Regional
Treasury and Securities Services Executive for Latin America; and
Michael Quinn, Global Head of Traditional Trade. Cort Jacobsen has
joined as Global Product Delivery Head, and additional key hires have
been made to strengthen the global trade teams in Africa, Asia, Europe
and the Middle East.
In a volatile period for international trade, J.P. Morgan's demonstrated
capability and intense client focus have continued to generate a high
degree of visibility and recognition for the firm. J.P. Morgan has been
voted ?Best Trade Bank in the World? in Trade & Forfaiting Review's
2010 readers' poll. Other recent awards include ?Most Innovative and
Responsive Trade Bank? and ?Best Trade Bank – North America? by Global
Trade Review; ?Best Online Trade Bank? by Trade & Forfaiting
Review; and? Best Supply Chain Finance Bank? by Treasury
Management International.
About J.P. Morgan Treasury Services
J.P. Morgan's Treasury Services business is a full-service provider of
innovative cash management, trade, liquidity, commercial card and escrow
services -- specifically developed to meet the challenges treasury
professionals face today. More than 135,000 corporations, financial
institutions, governments and municipalities in over 180 countries and
territories entrust their business to J.P. Morgan. 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
information can be found at www.jpmorgan.com/ts.
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. Information about JPMorgan Chase & Co. is
available at www.jpmorganchase.com.
Media:
JPMorgan Chase
& Co.
John Murray, 202-329-6363
john.t.murray@jpmchase.com
