J.P. Morgan Appoints Dinkar Jetley as CEO of Worldwide Securities Services, Conrad Kozak Named Vice Chairman

New York , May 31, 2011 - J.P. Morgan today announced the appointment of Dinkar Jetley to the position of CEO of its Worldwide Securities Services (WSS) business, one of the leading securities services franchises in the world.  Jetley will report to Mike Cavanagh, CEO of J.P. Morgan Treasury & Securities Services (TSS), and will be a member of the J.P. Morgan Chase and TSS Executive Committees.  He joins J.P. Morgan on June 16 and will be based in New York.

Jetley joins J.P. Morgan from Deutsche Bank in London, where he was Global Head of Trust and Securities Services and Cash Management for Financial Institutions, and a member of the Global Transaction Banking business leadership team.  Prior to Jetley’s 12 years at Deutsche Bank, he spent nearly 14 years at Citibank in major financial centers around the world in a number of leadership positions in operations, technology, finance and credit risk.

J.P. Morgan also announced that Conrad Kozak, the current CEO of WSS, has been named Vice Chairman of TSS.  In this role, Kozak will be responsible for senior client coverage of select clients and will continue to report to Mike Cavanagh.  Kozak is a 33-year veteran of J.P. Morgan and its predecessor firms.  He will continue to be based in New York.

“We have a great future in the securities services business and are committed to growing our WSS franchise, so I am delighted to welcome Dinkar to J.P. Morgan,” said Mike Cavanagh.  “His strong leadership skills, extensive global experience, proven track record of developing businesses, and transaction banking industry perspective will be of tremendous value to our business and to the firm.”

Commenting on Kozak’s appointment, Cavanagh said: “Using his extensive knowledge of the industry, our client base and our business, Conrad will contribute significantly to deepening relationships with this important client segment.  I am pleased he will continue to be a senior member of the team and remains a valuable asset for our business.” 

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services 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. Worldwide Securities Services leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $16.6 trillion in assets under custody and $7.5 trillion in assets 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.