J.P. Morgan Hires Head of Asia Pacific Treasury and Securities Services Business

Hong Kong, June 4, 2010 — J.P. Morgan Asia Pacific today announced the appointment of Thomas DuCharme as the Chief Executive Officer of the firm’s Treasury and Securities Services (TSS) business in Asia Pacific.

DuCharme will lead the expansion of all parts of the TSS business in the region and be a key partner in the accelerated growth of the firm’s Global Corporate Bank.

Ms. Heidi Miller, Global Chief Executive Officer of TSS, said: “I’m thrilled to welcome Thomas to the team. His hire is an important step for our business as we continue to build and expand the franchise across the region.”

DuCharme joins J.P. Morgan from Deutsche Bank where he was Head of Transaction Banking, Asia Pacific for five years. Prior to this, he spent 15 years at Citigroup, also in transaction banking.

Mr. Gaby Abdelnour, Chairman and Chief Executive Officer of J.P. Morgan Asia Pacific, said he was delighted that DuCharme was joining J.P. Morgan.  “We see immense scope for growth within our TSS franchise and Thomas’s strong experience in transaction banking across Asia Pacific will allow us to achieve this potential,” he said.

DuCharme will report to Abdelnour and Miller. He will also be a member of the TSS Global Executive Committee and the J.P. Morgan Asia Pacific Executive Committee.      

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 $14.9 trillion in assets under custody and $6.5 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.

About J.P. Morgan
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 and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.