Honors Include "Best Trade Bank in the World,"
"Best Supply Chain Finance Bank," and Six Deals of the Year
NEW YORK, May 18, 2011 – J.P. Morgan's Global Trade business unit has won eight awards for leadership in 2010. The industry publications honoring the firm are Global Trade Review, Trade & Forfaiting Review, Trade Finance and The Asset.
Readers of Trade & Forfaiting Review named J.P. Morgan "Best Trade Bank in the World" – the first time this category has appeared in the magazine's annual poll. J.P. Morgan also won its first "Best Supply Chain Bank" Leaders in Trade award from Global Trade Review.
Additional honors – from Global Trade Review, Trade & Forfaiting Review, Trade Finance and The Asset – came in the form of six "Trade Deal of the Year 2010" awards for transactions in vital sectors ranging from transportation to manufacturing in countries that include India, Turkey, the United States, and Vietnam. J.P. Morgan's global supply chain finance solution for Caterpillar was twice recognized for streamlining the company's payables processes and providing liquidity for key suppliers.
"Two years after the financial crisis, J.P. Morgan's Global Trade business is stronger than ever, and it's clear from these prestigious awards that the industry has recognized our strength," said Daniel Cotti, Global Trade Executive, J.P. Morgan Treasury Services. "We are committed to providing sustainable value to our clients and banking partners in an ever-changing trade environment."
Following is the full list of awards received by J.P. Morgan's Global Trade business:
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 $2.2trillion 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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