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Honors Include "Best Trade Bank in the World," "Best Supply Chain Finance Bank," and 11 "Deals of the Year 2011"
HONG KONG, April 10, 2012 — J.P. Morgan's Global Trade business has won 20 awards for leadership throughout the past 12 months. The industry publications honoring the firm are CFO World Magazine, FinanceAsia, Global Trade Review, The Asset, Trade & Forfaiting Review, Trade Finance and Treasury Management International.
Readers of Trade & Forfaiting Review named J.P. Morgan "Best Trade Bank in the World" for the second consecutive year and also bestowed three additional awards upon the firm, including "Most Innovative Trade Bank." J.P. Morgan also won its second consecutive "Best Supply Chain Bank" Leaders in Trade award from Global Trade Review.
Additional honors — from FinanceAsia, Global Trade Review, The Asset, Trade & Forfaiting Review and Trade Finance — came in the form of 11 "Deal of the Year 2011" awards for transactions in sectors ranging from transportation and manufacturing to communications in countries that include India, Brazil, the United States, and Korea. J.P. Morgan's structured receivables solution for Reliance Industries was recognized five times for providing the flexibility to purchase or sell a particular receivable in light of prevailing market conditions – a critical level of program adaptability and optimization for both parties.
"I couldn't be more proud of the growing recognition that our business is receiving," said Daniel Cotti, Global Trade Executive, J.P. Morgan Treasury Services. "These awards demonstrate our high degree of expertise in the industry, our expanding presence across the globe, and our dedication to delivering innovative solutions to our clients."
Pravin Advani, Global Trade Executive, Asia, J.P. Morgan Treasury Services, added: "As Asia continues its remarkable growth story, regional and global enterprises are turning to J.P. Morgan in even greater numbers. Our 11 trade finance awards demonstrate that by combining our best-in-class global platform, deep local market expertise and our fortress balance sheet with an innovative suite of traditional and structured trade finance solutions, we are able to help our clients grow their business and achieve their strategic objectives."
The following is the full list of awards received by J.P. Morgan's Global Trade business:
CFO World Magazine Awards 2011
About J.P. Morgan Treasury Services
J.P. Morgan’s Treasury Services business is a full-service provider of innovative cash management, trade, liquidity 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 $2.3 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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