J.P. Morgan Asset Management to Transition its Transfer Agency to J.P. Morgan Worldwide Securities Services

MONACO, 23 June, 2009 – J.P. Morgan today announced that J.P. Morgan Asset Management has agreed in principle to transition its existing Transfer Agency operations in the UK and Luxembourg to J.P. Morgan Worldwide Securities Services (WSS).

WSS already provides Transfer Agency services in Luxembourg and Dublin to many top tier asset management clients.  The consolidated team and additional expertise will create greater scale in the Luxembourg operation, and enhances WSS’s service offering by enabling it to offer a full UK Transfer Agency service to clients, by the end of 2009.

Susan Ebenston, Head of Global Fund Services in J.P. Morgan Worldwide Securities Services, said, “Rationalising J.P. Morgan’s firm-wide Transfer Agency makes sense. This is a vote of confidence by J.P. Morgan Asset Management in our ability to offer quality outsourced Transfer Agency services, and signifies a firm wide commitment to Transfer Agency services from which all our existing clients will benefit.  We are excited that we will now be able to offer full UK TA services to our clients, in addition to our existing services in Dublin and Luxembourg.”

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, N.A. (NYSE: JPM), WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $13.5 trillion in assets under custody and $5.4 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/is.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.1 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 Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.