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PrintJPMorgan Adds Bench Strength To Executive Management Team In Support of Wholesale And Broader Banking Strategy
Nov 08, 2007
JPMorgan Treasury and Securities Services (TSS) affirmed its leadership position in the wholesale banking community by announcing an enhanced executive management team on Monday.
Sydney, November 8, 2007 - JPMorgan Treasury and Securities Services (TSS) affirmed its leadership position in the wholesale banking community by announcing an enhanced executive management team on Monday.
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.
Rob Priestley, Chief Executive Officer for JPMorgan in Australia & New Zealand said today, "The appointment of two such seasoned managers will ensure the continued realisation of JPMorgan's ambitions to offer its clients a fully integrated wholesale bank." He added that with Tony and Jane working closely together across the wholesale franchise and alongside the investment bank, JPMorgan would remain focused on critical client segments while identifying product synergies. To support the expected growth and set the 2008 strategy, JPMorgan has also appointed Victor Penna as Head of Sales for TS Australia. Penna will collaborate with Bryan Gray, Head of Sales for WSS Australia and a long standing JPMorgan figurehead within the securities services industry.
Laurence Bailey, WSS APAC CEO said, "WSS has heavily committed this year to reinvigorating its technology platforms and infrastructure while honing its market leading product suite, highlighted by the appointment of David Braga, Head of Product for WSS Australia." He added that Jane Perry's appointment should remind the market that JPMorgan is fully committed to the growth of its securities services business in the region.
Simon Jones, TS APAC Business Executive added, "As part of our Australia and New Zealand expansion strategy, the new management team and extended product offering provides excellent leverage for Treasury Services and indeed all of JPMorgan to push deeper into the Australian market and more aggressively into New Zealand." Earlier this year, JPMorgan identified a need to enhance the current New Zealand wholesale client service model. The Reserve Bank of New Zealand issued Registered Bank status to JPMorgan in October. Details of the New Zealand franchise will be released shortly.
About JPMorgan Treasury & Securities Services
JPMorgan Treasury & Securities Services, a division of JPMorgan Chase Bank, N.A., is comprised of JPMorgan Worldwide Securities Services and JPMorgan Chase Treasury Services. JPMorgan Worldwide Securities Services is a global industry leader with $15.6 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. The Treasury Services business of JPMorgan Chase is a top-ranked, full-service provider of innovative payment, collection, liquidity and investment 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 36 countries, JPMorgan Chase Treasury Services (JPMC TS) is the world's largest provider of treasury management services.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands.