J.P. Morgan Treasury Services To Accelerate International Growth Agenda With New Asia Pacific Management Team

HONG KONG, March 9, 2011 — J.P. Morgan Treasury Services ("TS") has today announced several key appointments to its Asia Pacific management team, aimed at accelerating the firm's international growth agenda, deepening the firm's focus on its clients, and creating a closer alignment between the TS business and its clients.

Margaret Yao has been named Regional Sales Executive, Asia Pacific, responsible for enhancing the client experience, building and expanding the firm's key client list and unifying sales management across the region. With approximately 25 years' experience in the financial industry, both in sales and product functions, Yao was most recently Head of Liquidity Management, Asia Pacific. She will continue to be based in Hong Kong and will report to Tom DuCharme, Chief Executive Officer, Asia Pacific, Treasury & Securities Services ("TSS").

Hendra Lembong has joined the firm as Asia Pacific Head of Cash Management, covering Core Cash and Liquidity Management. With his substantial global experience, Lembong will leverage the synergies across J.P. Morgan's wide product range, while at the same time transitioning the business to a single model revolving around cash management. Bringing a wealth of experience from Citibank and Deutsche Bank, Lembong will be based in Singapore and will report regionally to DuCharme and globally to Linda McLaughlin-Moore, who is taking on a new position as Head of International Cash Management, based in New York.

In line with the firm's ongoing client focus, Adrian Godfrey has joined as Asia Pacific Head of Client Service and Implementation Management for J.P. Morgan's TS business. Based in Singapore and reporting to DuCharme regionally, Godfrey has been with J.P. Morgan for almost 25 years, with much of his time spent in sales and client servicing roles.

DuCharme said: "I am delighted to have Margaret, Hendra and Adrian join my Asia Pacific management team. Each brings to the table a tremendous depth of experience, and each is a proven performer who understands what our clients are looking for as their businesses grow. With clear accountability across our product, sales and country teams, we can better synchronize our market leading capabilities with the services that we offer to our clients, creating a deeper, holistic global solution for our clients that is supported by experienced teams of local market professionals."

The announcement follows last year's appointment of Pravin Advani as Global Trade Executive, Asia for J.P. Morgan Treasury Services. Under Advani's leadership, the firm has attracted significant new business across the region and has hired approximately 25 trade finance specialists in regional, country, product and service functions.

J.P. Morgan TSS, which comprises the TS and Worldwide Securities Services businesses ("WSS"), has embarked on an aggressive Asia Pacific growth plan, under which the firm is expanding its local on-ground presence, enhancing its range of market leading products and elevating its client servicing capabilities. During 2010, J.P. Morgan TSS hired an additional 600 financial professionals in Asia Pacific to broaden its regional coverage and further develop its partnership with clients. J.P. Morgan TSS provides solutions to corporate and institutional clients across the region.

About J.P. Morgan Treasury Services
J.P. Morgan's Treasury Services business is a full-service provider of innovative cash management, trade, liquidity, commercial card and escrow services — specifically developed to meet the challenges treasury professionals face today. More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their business to J.P. Morgan. 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.