Jon Lloyd Joins JPMorgan Worldwide Securities Services as International Chief Administration Officer

London, May 3, 2006 - JPMorgan today announced that Jonathan Lloyd joined JPMorgan Worldwide Securities Services (WSS) as chief administrative officer for international regions, including Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). Lloyd reports to Liz Nolan, Regional Executive for Worldwide Securities Services in EMEA and APAC.

Lloyd joined from BNP Paribas where he was the head of product for global custody, local custody, derivatives clearing and broker-dealer outsourcing. Previously, he held a number of senior product and sales positions including the head of Euronext and the global head of sales and relationship management. Prior to that, he worked for JPMorgan and HSBC in Argentina, Brazil and Hong Kong.

Liz Nolan said, "We are pleased that someone with Jon's wealth of experience has joined us at this exciting time of growth for Worldwide Securities Services in the EMEA and APAC regions."

About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is the global industry leader with $11.2 trillion in assets under custody. JPMorgan provides innovative securities services as well as clearance and trust services to the world's largest institutional investors and debt and equity issuers. For more information, please visit www.jpmorgan.com/wss.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.
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