Shaun Parkes Appointed J.P. Morgan's Head of Worldwide Securities Services Asia Excluding Japan

Hong Kong, 2nd April 2009 – Shaun Parkes joins J.P. Morgan in Asia in the newly created position of head of Worldwide Securities Services, Asia excl. Japan. Parkes relocates from J.P. Morgan London where he was global head of depositary receipt sales and client management.

Reporting to Laurence Bailey, Asia Pacific chief executive officer for J.P. Morgan Worldwide Securities Services, Parkes will join the existing regional management team comprising three sub-regional heads: Jane Perry in Australia, Roger Brown in Japan, and Ravikanth Konteti in India. Parkes will be based in Hong Kong.

In his six years with J.P. Morgan, Parkes has also held a number of sales management and product roles in the clearance and collateral businesses where he has actively assisted the development of these businesses in Asia.

Prior to joining J.P. Morgan, Parkes held senior positions at Deutsche Bank and HSBC in a variety of roles including collateral and repo sales.

"We have structured the senior regional management team to serve the evolving needs of our growing Asian client base. This appointment demonstrates the firm’s commitment to growing market share in Asia and continuing to provide best-in-class customer service,” said Laurence Bailey.

J.P. Morgan holds market leading positions in the provision of global custody services in Asia Pacific. J.P. Morgan leverages the services and products of its Treasury Services division, as well as its Investment Bank and Asset Management lines of business to provide its customers with one-stop solutions.

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $13.2 trillion in assets under custody and $3.7 trillion in funds under administration. For more information, go to www.jpmorgan.com/visit/wss.

About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.2 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, Chase, and Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.