Taylor to Serve as Key Advisor on Global Trade Issues
and Member of Industry Issues Team
Amsterdam, October 26, 2010 -- J.P. Morgan Treasury & Securities Services (TSS) today announced the appointment of Dan Taylor as Executive Director within its Global Market Infrastructure team, which oversees transaction industry issues, market infrastructures and agent banks for J.P. Morgan in nearly 100 countries. Mr. Taylor will focus primarily on global trade and related industry associations, analyzing market trends and engaging in dialogue across the trade community. He also will support other TSS businesses as a member of the Industry Issues team, bringing insight and expertise to a wide range of topics, including customer privacy and anti-money laundering/Know Your Customer compliance.
Mr. Taylor is a well-known figure in the world of finance, with more than thirty-five years of experience in international banking. Since 1996, he has served as Vice Chairman of the International Chamber of Commerce's Commission on Banking Techniques and Practice. He most recently served also as President and Chief Operating Officer of BAFT-IFSA, the organization formed by the merger of the Bankers' Association of Finance and Trade and the International Financial Services Association. He led IFSA for 20 years until the merger earlier this year. Before the IFSA appointment, Mr. Taylor worked fourteen years in international banking in operations, correspondent banking and private banking.
"As J.P. Morgan continues to build leadership in the global trade arena, Dan's appointment is another milestone in the expansion of our team," said Daniel Cotti, Global Trade Executive, J.P. Morgan Treasury Services. "We will seek Dan's insight and perspective as we develop new products and address ongoing technical, regulatory and compliance issues."
J.P. Morgan's global trade unit provides market-leading trade and supply chain management solutions to corporations and financial institutions worldwide. J.P. Morgan was recently named "Best Trade Bank in the World" by Trade & Forfaiting Review, "Best Bank - Financial Supply Chain" by Treasury Management International, and "Most Innovative and Responsive Trade Services Bank" by Global Trade Review.
In addition to advising J.P. Morgan's Global Trade business, Mr. Taylor also will play a key role in other areas for the Industry Issues team.
"Dan is an industry icon, and we are delighted that he is joining J.P. Morgan and TSS at this momentous time for the transaction business. His many years of work with the ICC, FATF, Wolfsburg, and other fora on trade and payment issues will be highly complementary to our global Issues team," said Marshall Millsap, managing director and TSS Global Market Infrastructure Executive. "Dan's reputation and perspective on today's hot industry topics are unique. Our practice on industry engagement is already recognized as best in class, and Dan will be another force-multiplier for TSS."
J.P. Morgan's Industry Issues team was established six years ago to deepen the firm's engagement with public policy authorities, industry associations and other banks on the future of the transactions business. The team supports all TSS businesses globally, delivering insightful and influential leadership in building dialogue with key banking industry constituents.
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.
Copyright © 2012 JPMorgan Chase & Co. All rights reserved.