London, 3 December 2007 JPMorgan Worldwide Securities Services today announced that its GlobeClear business has been appointed to provide securities clearing and settlement for URALSIB Securities Ltd ("URALSIB Securities") in connection with their recent admission as member firm of Euronext.
URALSIB Securities, the London-based brokerage arm of Russian bank URALSIB Financial Group became the first firm with a Commonwealth of Independent States (CIS) region-based parent to be admitted to Euronext last month.
Alex Dockx, GlobeClear product executive at JPMorgan Worldwide Securities Services, said: We have been working closely with URALSIB Securities for a number of years in supporting their international equity trading activity. With the addition of the Euronext markets, URALSIB and JPMorgan look forward to extending this relationship even further.
John Lewin, CEO of URALSIB Securities, said: This gives our clients direct access to the Paris Bourse, Brussels Bourse, Amsterdam Stock Exchange and Lisbon Stock Exchange and underlines our strategy to be responsive to the demands of our clients with innovative solutions. JPMorgan is an ideal partner to help us provide the best possible service to our clients."
For more information about GlobeClear, please visit www.jpmorgan.com/globeclear. GlobeClear enables clearance for 22 exchanges and more than 60 OTC markets - including Federal Reserve and DTC clearance - through a single access point.
About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A.,
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 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. For more information, please visit www.jpmorgan.com/wss.
About JPMorgan Chase & Co.
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
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 worlds most prominent corporate, institutional and government clients
under its JPMorgan and Chase brands. Information about the firm is available
at www.jpmorganchase.com.
Copyright © 2013 JPMorgan Chase & Co. All rights reserved.