Email
PrintMar 31, 2009
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.
Honors Include "Best Trade Services Provider," "Most Innovative Trade Bank," "Best Structured Trade Finance Bank" and 7 Deals of the Year
The widely read publications honoring J.P. Morgan are The Asset, FinanceAsia, Global Trade Review, Trade & Forfaiting Review, Trade Finance and Treasury Management International.
Global Trade Services, a unit of J.P. Morgan's Treasury Services business, provides market-leading classical trade, structured trade finance, and supply chain management solutions to corporations and financial institutions worldwide. Solutions include letters of credit, open accounts, bank-to-bank reimbursements, secured receivables finance, global trade management, supply chain financing, and syndicated, medium and long term trade loans.
In what proved a tumultuous year for the markets, J.P. Morgan's demonstrated trade capability and intense focus on clients continued to provide a high degree of visibility and recognition for the firm.
"With so much uncertainty and volatility in the global economy, clients have been seeking the kind of stability and strength that J.P. Morgan delivers. The J.P. Morgan trade business has benefited from a strong demand for quality and expertise in the markets," said Melissa Moore, chief executive offer, J.P. Morgan Treasury Services. "We are very proud to receive such honorable recognition for our leading trade solutions and for delivering outstanding service to our trade clients. While the markets are challenging, we remain dedicated to helping and supporting our clients navigate the world trade environment."
For the third year running, Global Trade Review's readers named J.P. Morgan "Most Innovative and Responsive Trade Bank." Readers also voted J.P. Morgan "Best Trade Bank -- North America," a new poll category at the magazine. Trade & Forfaiting Review's readers cited J.P. Morgan the industry's "Best Trade Services Provider" for the fifth straight year and "Best Online Trade Bank" for the second year in a row. The bank also won a new poll category, "Best Structured Trade Finance." FinanceAsia's coveted "Best Trade Finance Solution" award went to J.P. Morgan for Reliance Industries Limited's streamlined structured finance solution, delivered in just five weeks. Treasury Management International named J.P. Morgan "Best Supply Chain Finance Bank" for the second year running, while The Asset named J.P. Morgan the "Best Trade Finance Bank -- Asia."
Additional Structured Trade honors came in the form of seven "Deal of the Year" awards for transactions in vital sectors ranging from energy to telecommunications in countries that include Mexico, Ghana, the United Arab Emirates, Turkey, India and Pakistan. Highly complex and dependent on the teamwork of many interested parties, including the U.S. Export-Import Bank and the International Finance Corporation, the transactions were typically completed on tight schedules and depended for success on the expertise of J.P. Morgan's trade banking teams.
Following is a summary of awards received by J.P. Morgan's Global Trade Services business unit:
- Best Trade Finance Bank -- Asia, The Asset
- Best Trade Finance Solution, FinanceAsia
- Best Trade Bank -- North America, Global Trade Review
- Most Innovative and Responsive Trade Bank, Global Trade Review
- Three Deals of the Year, Global Trade Review -- Weldy/Lamont-Republic of Ghana; Axiom Telecom (United Arab Emirates); Aksa Enerji/General Electric (Turkey)
- Two Deals of the Year, Trade Finance -- Dowell Schlumberger (Mexico), Axiom Telecom (United Arab Emirates)
- Best Trade Services Provider, Trade & Forfaiting Review
- Best Structured Trade Finance Bank, Trade & Forfaiting Review
- Best Online Trade Bank - Trade & Forfaiting Review
- Two Deals of the Year, Trade & Forfaiting Review --- Dowell Schlumberger (Mexico), Habib Bank (Pakistan)
- Best Supply Chain Finance Bank, Treasury Management International
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 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 39 countries, J.P. Morgan Treasury Services (JPM TS) is the world's largest provider of treasury management services. JPM TS is a division of J.P. Morgan 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 $2.2 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, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.