J.P. Morgan Announces Financing and Market Products Group Appointments in Australia, New Zealand, and Japan

Sydney, August 4, 2011 – Treasury & Securities Services (“TSS”) has appointed Stewart Cowan as head of Financing and Market Products (“FMP”) Australia, New Zealand and Japan, and Michael Wynn to the Australian transition management sales desk as the firm deepens its focus on key high growth sectors in Asia Pacific.

Mr. Cowan’s financial services experience spans more than 20 years, the last 10 of which have been with J.P. Morgan in a variety of securities servicing roles. Mr. Cowan’s expanded FMP role now includes oversight of the firm’s clearance and collateral management, transition management and foreign exchange solutions.

Jane Perry, CEO of J.P. Morgan Treasury & Securities Services, Australia and New Zealand, said Mr. Cowan has a proven track record in delivering results and his expertise in financing and market products provides a significant competitive advantage in key local markets.

“Stewart brings to the table significant experience, deep product knowledge and an unrivalled ability to navigate risk on behalf of our clients at all levels. He will continue to lead our securities lending operation but will expand his responsibilities to cover the full FMP suite of clearance, securities and derivatives collateral management, transition management, foreign exchange and passive currency overlay. In a sophisticated domestic market which relies heavily on financing and market products to manage risk, reduce cost and generate returns, Stewart will be instrumental in further enhancing our local and Asia Pacific clients’ businesses while at the same time driving J.P. Morgan’s success across these key markets,” Ms. Perry said.

Notably, Mr. Cowan’s experience in Asia will be critical in capturing new opportunities in Japan, a quickly growing market for FMP solutions that is home to a large, sophisticated pool of potential clients.

Paul Wilson, International Head of Client Management & Sales for Financing and Market Products, said: “Japan is a market in which we see tremendous opportunity. While Japan has a sophisticated client landscape, many of these players have not traditionally sought to access the full array of FMP solutions. However, given the significant risk and cost benefits that our suite of FMP solutions can deliver, we’re seeing an increase in demand especially with respect to collateral management and securities lending. As such, we are ideally placed to work even closer with our Japanese clients and the Japanese market to deliver leading edge solutions that create real and measurable results for their business.”

Joining the enhanced financing and market products team will be Michael Wynn, who returns home to Australia to lead transition management sales after several years with J.P. Morgan based in the United Kingdom. Mr. Wynn’s most recent role was with the investment bank, where he managed the passive currency overlay execution desk.

“We are lucky to have someone with Michael’s expertise return to Australia to service our clients’ needs. With a proven track record across different areas of the business, he will be a valuable addition to the team,” concluded Ms. Perry.

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 J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, WSS leverages the firm’s global scale, leading technology and deep industry expertise to service investments around the world. It has $16.9 trillion in assets under custody and $7.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.

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 and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.