Mexico Becomes 17th Country Where J.P. Morgan Offers Escrow Services
MEXICO CITY, October 25, 2011 – J.P. Morgan (NYSE: JPM) Treasury Services, a full-service provider of cash management, trade finance, treasury solutions and escrow services, today announced that it has launched its escrow risk mitigation services for M&A transactions in Mexico. The local Escrow office, in Mexico City, will be led by Raúl Mondragón von Bertrab, Vice President, J.P. Morgan Escrow Services. With the addition of Mexico, J.P. Morgan now offers escrow services in 17 countries around the world.
J.P. Morgan also offers escrow services to the Latin American market through its offices in Brazil. The launch of escrow services in Mexico supports the firm's goals of growing and expanding its market-leading services globally.
"Mexico is a critically important market to the larger Latin American economy and we continue to see a steady growth in M&A transactions being executed by corporates across every business segment," said Mondragón von Bertrab. "As a global leader in escrow account services, we look forward to offering escrow services and the risk mitigation support escrow accounts provide so our clients can close their M&A deals accurately and securely."
J.P. Morgan is a leader in the global escrow market, providing Escrow Servicing Centers on every major continent. The firm employs more than 100 experienced escrow professionals around the world and is able to support transactions in all major currencies.
"With J.P. Morgan escrow account services, clients can be assured their designated assets are safe and that risks are mitigated when performing strategic transactions," said Rocky Motwani, Global Escrow Product Executive. "Our dedicated global escrow team is committed to servicing clients' escrow needs as part of an integrated treasury management offering. Our strength of balance sheet coupled with our global capabilities support cross-border transactions, across multiple jurisdictions, providing clients with the local market expertise and regional knowledge they need to confidently execute M&A deals anywhere in the world."
J.P. Morgan provides customized end-to-end Escrow services to help clients better manage financial risk associated with a range of business transactions, such as mergers and acquisitions, real estate, capital raisings, litigation settlements, project finance, subscriptions, mining and exploration projects, joint venture setups and as an alternative to letters of credit. Acting as an independent third party, J.P. Morgan holds assets in escrow until the commitments of the agreement are fulfilled. The firm's dedicated Escrow team offers a reliable and dependable service to enable transactions to close quickly, accurately and securely. In recognition of this market leading service, J.P. Morgan has been voted as the Best Escrow Services Provider for 2011 by the readers of the New York Law Journal.
About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 100,000 clients and services provided in more than 60 countries and 40 states, 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 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 and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
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