Press Releases

2008 | 2007 | 2006 | 2005 | All Articles
November 24, 2008

J.P. Morgan's Transition Management Business Announces Expansion, Record Flows

J.P. Morgan’s transition management business announced it had expanded the global team, added additional fixed income capabilities and conducted one of the largest ever transitions while experiencing record flows.

November 18, 2008

J.P. Morgan Announces Establishment of Nordic Branches and Inception of Client Migration Program

J.P. Morgan’s Investor Services business announced that two leading Norwegian institutional investors have transitioned their global custody business to J.P. Morgan, representing an important milestone in the ongoing process of client transfers following J.P. Morgan’s acquisition of Nordea’s institutional global custody business earlier this year.

November 12, 2008

J.P. Morgan to Offer U.S. Registered ETFs on Mexican Stock Exchange

New York, November 12, 2008 – J.P. Morgan announced that its Depositary Receipts (DR) Group will offer selected U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). Through this latest edition to its DR product suite, J.P. Morgan will enable all eligible Mexican stock exchange market participants to achieve the U.S. and global exposure that ETFs can provide, as well as benefit from the convenience of a peso-denominated security.

October 31, 2008

Eletrobras Retains J.P. Morgan as Depositary Bank for NYSE Listing

J.P. Morgan announced it has been retained by Centrais Elétricas Brasileiras S.A. (Eletrobrás), the largest electric utilities company in Latin America, to be the depositary bank for the company’s American Depositary Receipt (ADR) program listing on the New York Stock Exchange (NYSE).

October 9, 2008

J.P. Morgan Appointed Depositary Bank for Ecopetrol ADR Program Launch

J.P. Morgan announced it has been appointed depositary bank for the American Depositary Receipt (ADR) program for Ecopetrol S.A. J.P. Morgan will manage all aspects of the ADR program in the U.S. for Ecopetrol, the largest company in Colombia. Ecopetrol’s ADR is the first NYSE-listed program by a Colombian company in more than a decade.

September 2, 2008

Leading Risk Analytics Provider, Measurisk, Joins J.P. Morgan’s Alternative Investment Services

J.P. Morgan's Investor Services announced that leading risk analytics provider, Measurisk, LLC, has become an integral part of its alternative investment services.

August 20, 2008

J.P. Morgan Launches Third Party Clearing for Warsaw Stock Exchange Members

J.P. Morgan announced that its GlobeClearsm business will now offer third party clearing for Warsaw Stock Exchange (WSE) members who wish to trade Polish securities. J.P. Morgan will be providing clearing and settlement capabilities to clients who want to transact in equities and fixed income products on the WSE. This latest offering marks the 23rd exchange supported directly by J.P. Morgan GlobeClearsm.

August 11, 2008

J.P. Morgan Appointed Successor Depositary Bank for Barclays PLC ADR Program

J.P. Morgan announced today that it has been appointed as the successor depositary bank for the American Depositary Receipt programme of Barclays PLC, a major global financial services provider.

August 6, 2008

J.P. Morgan Selected for Banco Santander Chile ADR Program

J.P. Morgan announced today that it has been selected as successor depositary bank for the American Depositary Receipt program for Banco Santander Chile (NYSE: SAN).

August 6, 2008

J.P. Morgan Private Equity Fund Services Expands in Europe

With the launch of this new European hub, J.P. Morgan is well positioned as a full service administrator for private equity firms and institutional limited partners in Europe. It is one of the only private equity administrators in the U.K. and the Channel Islands that can offer a range of banking services, including cash management and foreign exchange, as well as tax support services to its administration clients.

July 2, 2008

JPMorgan Wins Landmark Multinational Asset Pooling Mandate

JPMorgan today announced an agreement with Shell Asset Management Company (SAMCo), the asset management arm of Royal Dutch Shell, enabling a global provision to service Shell corporate pension and insurance plans with total assets in excess of $70 billion. With this relationship, JPMorgan launches a range of sophisticated services for SAMCo and participating Shell pension funds, including fund accounting, fund administration and certain securities lending services all from segregated and/or pooled accounts that will prove to be a new market milestone.

June 30, 2008

J.P. Morgan Selected by Telmex Internacional, S.A.B. de C.V. for ADR Program

William Kirst, head of J.P. Morgan’s Latin America Depositary Receipts (DR) business, said: “J.P. Morgan is proud to serve as the depositary bank for the Telmex Internacional ADR programs, as well as for the Telmex ADR programs. Thanks to clients like Telmex and Telmex Internacional, J.P. Morgan is the leading provider of DR services in Latin America with 49% of the marketplace and administers more Latin American DRs than any other bank.”

June 18, 2008

J.P. Morgan Wins Comprehensive Custodial Mandate with One of New Zealand's Largest Organizations

Accident Compensation Corporation of New Zealand confirmed that J.P. Morgan Investor Services was appointed as it offered the most comprehensive solution set available for ACC’s Australian Custody requirements. J.P. Morgan will provide a number of efficiencies to ACC operations, including real time reporting services via JPMorgan Access, a proprietary online custody and investment administration reporting tool.

June 13, 2008

J.P. Morgan Selected by the Petroleum Fund of East Timor to Provide Custodial Services and Training Opportunities

In the first agreement of its type in East Timor, as well as providing traditional custodial services, J.P. Morgan will enable BPA officials to undertake capacity building in financial markets. J.P. Morgan will also provide mandate compliance monitoring and fund performance services to enable BPA to monitor their investment portfolio and evaluate their external fund managers.

June 10, 2008

J.P. Morgan Launches Latest Global Derivatives Collateral Offering

J.P. Morgan, which currently services more than $70 billion in derivatives collateral, is offering the new automated reconciliation technology globally, representing the latest enhancement to its Derivatives Collateral Management (DCM) solution. This technology, which is designed to work in conjunction with TriOptima’s triResolve automated position reconciliation service, increases the efficiency and risk management of trading records.

June 3, 2008

J.P. Morgan Expands Boston Fund Services Operations

J.P. Morgan Investor Services said it will lease approximately 100,000 square feet at 451 D Street in South Boston, will retain its offices at 1 Beacon Street and expects to hire more than 300 employees for its global funds services business over the next five years. The business provides accounting and administrative services for institutional investors globally.

May 27, 2008

J.P. Morgan Adds Depositary Receipts Staffing in Asia & Latin America

J.P. Morgan’s new DR specialists in Argentina, Brazil and Singapore will provide a full range of services to companies that want to have their equity traded on exchanges beyond their home markets. The team includes three vice presidents: Bettina Garcia, who will head the local DR sales office in Buenos Aires and is also responsible for DR sales in Chile and Peru, Marcos Yokota, who will head local DR sales in Sao Paulo, and Sharon Tang, who will head the DR sales office in Singapore.

May 6, 2008

J.P. Morgan Extends Compliance Reporting Services to Support Socially Responsible Investment Restriction Monitoring

The new criteria cover some 50 categories, including adult entertainment, gambling, tobacco, weapons, country ties, board diversity, corporate governance, climate change and faith values. The service can be applied to clients’ custody or accounting records, with online reporting available through J.P. Morgan’s existing Web-based Compliance Reporting application.

April 25, 2008

J.P. Morgan Is Top Custodian and Fund Administrator in Luxembourg

J.P. Morgan Bank Luxembourg S.A. today announced that it is the top custodian and fund administrator in Luxembourg, according to the latest figures from Fitzrovia, the independent data firm.

April 1, 2008

JPMorgan Private Equity Fund Services Launches DealVault Technology

JPMorgan Private Equity Fund Services (PEFS) developed DealVault to provide CFOs, deal and investor relations professionals with an advanced platform to centralize volumes of deal tracking information. DealVault integrates with accounting and back office systems, providing private equity investment professionals with one platform to administer every aspect of a private equity investment’s lifecycle.

March 27, 2008

JPMorgan to Acquire Institutional Global Custody Portfolio Of Nordea

JPMorgan Worldwide Securities Services (WSS), a leading provider of global custody and fund services, today announced its intent to acquire the institutional global custody portfolio of Nordea.

March 25, 2008

J.P. Morgan Wins Cavali Custody Contract

J.P. Morgan Securities Company (SC) will be providing custody and asset administration services to Cavali for its portfolio of global securities. J.P. Morgan also provides services to several other central depositories, central banks, commercial banks, government institutions and corporations in the Latin America region.

March 19, 2008

JPMorgan Wins Four Banking Industry Awards

JPMorgan received four awards of excellence at The Asian Banker’s Leadership Achievement Awards ceremony, which was held in conjunction with The Asian Banker Summit in Hanoi.

March 13, 2008

London Pensions Fund Authority Selects JPMorgan For Alternative Investment Portfolio Administration

JPMorgan Private Equity Fund Services (PEFS) will provide LPFA with a set of comprehensive services to give greater insight on the performance, concentration and risk across the alternative investment portion of their assets. The services include cash management, cash flow tracking, performance measurement and analytics. There is also a sophisticated board-quality reporting capability.

March 5, 2008

JPMorgan to Provide Custody, Fund Accounting, and Securities Lending for Devon County Council Pension Fund

JPMorgan today announced it has been mandated by Devon County Council Pension Fund to provide global custody and related services for its £2.2 billion Fund. The mandate comes following a formal review by Devon County Council to consolidate all of its assets with one global custodian.

February 6, 2008

JPMorgan to Provide Currency Hedging for West Midlands Pension Fund

The Foreign Exchange and Rates (FX & Rates) division of JPMorgan’s investment bank will provide the currency hedging through its Passive Currency Overlay Programme for about £1.3 billion of non-UK assets.

January 14, 2008

AustralianSuper Selects JPMorgan For Private Equity Fund Services

JPMorgan PEFS will manage and support various processes for AustralianSuper, including alternative investment performance and investor tracking, while also assisting with the streamlining of AustralianSuper’s private equity instructions process. JPMorgan’s technology is the result of 10 years of private equity fund administration experience.

December 19, 2007

JPMorgan Report Says DRs Hit Record Levels In 2007

JPMorgan’s Depositary Receipts (DR) group said that 2007 saw record levels with DR trading volumes increasing 55% to 85 billion shares and values increasing 92% to $3.1 trillion, according to JPMorgan’s DR “Year in Review 2007” report.

December 13, 2007

JPMorgan Hedge Fund Services Opens Luxembourg Office

Bhagesh Malde, head of JPMorgan Hedge Fund Services in Europe and Asia said: “Luxembourg is an important market for our existing and future hedge fund and fund of hedge fund clients, and opening a full service office there is an important part of our expansion strategy into additional domiciles to be closer to our clients and service them on the ground. As the Luxembourg market grows, we intend to grow with it.”

December 3, 2007

J.P. Morgan Global Clearance to Provide Euronext Securities Clearing Services for URALSIB Securities

John Lewin, CEO of URALSIB Securities, said: “This gives our clients direct access to the Paris Bourse, Brussels Bourse, Amsterdam Stock Exchange and Lisbon Stock Exchange and underlines our strategy to be responsive to the demands of our clients with innovative solutions. JPMorgan is an ideal partner to help us provide the best possible service to our clients."

November 30, 2007

Taiwanese Chunghwa Telecom Switches ADR Program to JPMorgan

JPMorgan today announced that Chunghwa Telecom Co., Ltd. (“Chunghwa Telecom”) has switched the management of its American Depositary Receipts (“ADR”) program to JPMorgan effective 21 November 2007. Chunghwa Telecom’s ADRs are listed for trading on the New York Stock Exchange (“NYSE”), whilst its ordinary shares are listed for trading on the Taiwan Stock Exchange.

November 20, 2007

JPMorgan Appointed Successor Depositary Bank For Sanofi-aventis ADR Program

JPMorgan Worldwide Securities Services today announced it has been named successor depositary bank for the American Depositary Receipt (ADR) program of Sanofi-aventis, one of the world’s leading pharmaceutical companies. Sanofi-aventis’ ADR program is the largest in France and is among the top 10 ADR programs in Western Europe, as measured by number of ADRs outstanding.

November 14, 2007

State of Michigan Retirement System Hires JPMorgan For Alternative Investment Portfolio Administration

JPMorgan Private Equity Fund Services (PEFS) will provide the State with a set of comprehensive services to give greater insight on the performance, concentration and risk across the alternative investment portion of the assets. The services include investment accounting, cash flow tracking and forecasting, reporting and analytics, as well as the ability to easily generate board-quality reports.

November 8, 2007

JPMorgan Adds Bench Strength to Executive Management Team In Support of Wholesale and Broader Banking Strategy

JPMorgan TSS announced the capstone of its strategic foothold in the wholesale banking market with the appointment of Jane Perry as Head of Worldwide Securities Services (WSS), Australia & New Zealand. Formerly COO of AXA Australia and New Zealand, she joins alongside Tony O’Neill who was recently appointed Head of Treasury Services (TS) Australia & New Zealand. Collectively, the two have over 40 years of business management experience in leadership roles across a broad range of functions.

November 5, 2007

JPMorgan Launches Grupo Clarin Depositary Shares Program

JPMorgan today announced the launch of a global depositary shares (GDS) program for Grupo Clarín, Argentina’s largest media company, making it the first Argentine company to have a depositary receipt (DR) listing on the London Stock Exchange.

October 30, 2007

JPMorgan Worldwide Securities Services Expands In The Middle East

JPMorgan Worldwide Securities Services (JPMorgan WSS) today announced it has expanded its Securities Company’s business in the Middle East.

October 23, 2007

JPMorgan Adds India's Financial Technologies As New Depositary Receipts Services Client

JPMorgan today announced that it is acting as depositary bank for Financial Technologies (India) Limited (“Financial Technologies”). JPMorgan provides a full complement of ADR and GDR services to issuers seeking to have their equity traded on exchanges beyond their home markets. JPMorgan's primary services include DR Issuances and Cancellations, Stock Transfer, Tender and Exchange Offer and Subscription Rights Agency services, and Tax Reclamation services for investors.

October 23, 2007

John Hancock Selects J.P. Morgan For Separately Managed Account Administration

J.P. Morgan Managed Account Solutions will provide John Hancock Private Client Group (JH PCG) with a variety of services to automate back office functions for their 5,000 separately managed accounts (SMAs). The J.P. Morgan services will include: shadow accounting, account reconciliation, account maintenance, performance calculation and trading. These services allow asset managers to reduce risk, streamline processes and improve services to their customers.

October 15, 2007

JPMorgan Nets Top-Rating In First-Ever Private Equity Administration Survey

JPMorgan Private Equity Fund Services (PEFS) was top-rated overall for firms that provide administrative services to private equity firms. JPMorgan also secured the highest rankings from clients in North America and from clients of varying sizes from less than $100 million in committed capital to more than $10 billion, according to Global Custodian magazine, which conducted the survey.

October 3, 2007

JPMorgan Securities Lending Business Executive Speaks at Sibos

JPMorgan’s global head of Securities Lending and Execution Products, Sandie O’Connor, spoke today about the growth of electronic trading portals for foreign exchange at the Sibos 2007 conference in Boston.

October 2, 2007

JPMorgan Worldwide Securities Services Announces Launch of JPMorgan CustodyConnect

JPMorgan CustodyConnect enables financial institutions to continue offering custody and related services to their clients while reducing their proprietary investment in infrastructure, such as core custody platforms, global sub-custodian networks and applications.

October 2, 2007

JPMorgan Enhances US Agent Bank Clearing Functionality

JPMorgan has made a multi-million dollar investment in its US Agent Bank Clearing product, to expand its core clearance and custody systems to improve settlement of securities processes through the Depository Trust & Clearing Corporation (DTCC).

October 1, 2007

JPMorgan Donates $100,000 To Boston Youth Symphony Orchestras

The JPMorgan grant will fund 16 concerts in the BYSO’s 50th anniversary season, which begins Sunday, October 7th at Boston’s Symphony Hall. The donation will also support the BYSO’s community outreach program, making 250 tickets available to local community youth groups that may not otherwise have the opportunity to attend orchestral concerts.

October 1, 2007

American Century Investments Names J.P. Morgan As Sole Provider of Custody and Fund Services For $100 Billon In Assets

J.P. Morgan Worldwide Securities Services is the primary custodian and securities lending agent for American Century, but under the new arrangement, J.P. Morgan will be the sole provider for those services and will also provide fund accounting, financial reporting and tax services, pending contract finalization. The new services will be provided by J.P. Morgan’s Boston-based Fund Services unit, which is part of the firm's global integrated fund accounting platform with locations in the U.S., Europe and Asia.

September 26, 2007

WSIB Hires J.P. Morgan As Custodian And Securities Services Provider For $82 Billion In Assets

J.P. Morgan Worldwide Securities Services will provide a wide range of custody and securities services including: global custody, fund accounting, compliance measurement, securities lending, foreign exchange and performance measurement. The Board will have a dedicated client service team with on-site client service in Olympia, WA.

September 19, 2007

JPMorgan Hedge Fund Services To Provide Fund Administration and Custody Services To Over $10BN Of FRM Fund Of Hedge Fund Assets

JPMorgan Hedge Fund Services will provide fund accounting, financial reporting, transfer agency, partnership allocations and custody services to over $10bn of assets in portfolios managed by FRM.

September 13, 2007

J.P. Morgan Worldwide Securities Services Announces Custody Mandates From DSG And George Wimpey

J.P. Morgan Worldwide Securities Services provides the DSG Retirement and Employee Security Scheme with global custody and passive currency overlay services, and provides global custody for the George Wimpey pension plan.

September 12, 2007

JPMorgan Announces Depositary Bank Mandate For Vimetco

JPMorgan Worldwide Securities Services today announced that it is acting as depositary bank for Vimetco, following the company’s initial public offering last month, all of which was in global depositary receipt form (GDR).

August 22, 2007

JPMorgan Launches Almances Exito Global Depositary Receipt Program

Almacenes Exito (EXITO.BO), Colombia’s largest retailer, raised $392 million from the offering which, issued under Rule 144A and Regulation S of the U.S. securities law, allows investments to qualified institutional investors only. Exito’s stores sell consumer products, fresh products, apparel, home products and entertainment items.

August 15, 2007

JPMorgan Adds WuXi Pharmatech To The List Of New Chinese Clients It Serves As Depositary Bank

WuXi PharmaTech is a leading China-based pharmaceutical and biotechnology research and development ("R&D") outsourcing company. It provides a broad and integrated portfolio of high quality chemistry, biology and manufacturing services in the drug discovery and development process to pharmaceutical and biotechnology companies.

August 14, 2007

E-House as JPMorgan's New Depositary Receipts Services Client

E-House is a leading real estate services company in China. It provides primary real estate agency services, secondary real estate brokerage services as well as real estate consulting and information services.

August 13, 2007

JPMorgan Announces Mandate For First Nigerian GDR in London

Shaun Parkes, global head of sales for JPMorgan Worldwide Securities Services’ depositary receipts business, said, “We are very pleased to have been chosen as depositary for GTBank in this landmark transaction.

August 13, 2007

J.P. Morgan Enhances Investment Analytics Technology

J.P. Morgan has redesigned its Investment Analytics & Consulting technology and services, so it can offer detailed security-level, multi-currency performance measurement and analytics to insurance companies, asset managers and pension and endowment fund executives using third-party data.

August 2, 2007

J.P. Morgan Worldwide Securities Services Named Custodian for ICI Specialty Chemicals Pension Fund

J.P. Morgan Worldwide Securities Services today announced it has been appointed custodian for the ICI Specialty Chemicals Pension Fund. J.P. Morgan already provides custody services for the ICI Pension Fund, which provides pensions for ICI employees who work for a different part of the company.

July 31, 2007

JPMorgan Builds Hedge Fund Services Team in Asia

JPMorgan Hedge Fund Services delivers extensive solutions for hedge fund and fund of hedge funds clients seeking independent administration and custody services.

July 24, 2007

J.P. Morgan Nets New Custody Clients in Middle Market Sector

J.P. Morgan Worldwide Securities Services became a leader in the custody industry by serving some of the world’s largest corporations, mutual funds, pension funds and insurance companies. Now, it is looking to significantly increase the number of clients in the Middle Market, which have up to $1 billion in assets. The business unit has created a dedicated team to provide custody services for not-for-profit institutions and mid-sized companies. It has also launched a new campaign with the firm’s Commercial Bank to expand business with existing clients.

July 17, 2007

JPMorgan’s Trustee and Fiduciary Business Tops $1 Trillion in Assets Under Trusteeship

The business, which earlier this year celebrated its 20th anniversary, acts in a fiduciary capacity for European collective investment schemes and is a top provider of services in Dublin, Frankfurt, Jersey, Luxembourg and the UK. T&F services have recently been expanded to include Belgium, China and Taiwan.

July 2, 2007

JPMorgan Adds 20th Derivative Collateral Management Client

More than half of CommanD's existing client base includes large multi-national financial institutions, broker-dealers and asset managers including the World Bank, Resolution Asset Management, Standard Life Investments and JPMorgan Asset Management (UK), among others

June 26, 2007

J.P. Morgan Worldwide Securities Services Announces Five Mid-market Pension Fund Custody Mandates

The pension fund sponsors include ArvinMeritor UK, House of Fraser, Kingston Communications, Lend Lease UK and Pilot’s National Pension Fund.

June 19, 2007

J.P. Morgan Worldwide Securities Services Expands Dutch Office

J.P. Morgan Worldwide Securities Services in the last year has hired a team based in Amsterdam to work with Dutch corporate and institutional investors, such as pension funds, fund management and insurance companies.

June 14, 2007

JPMorgan Acts as Depositary Bank for Yingli Green Energy’s Newly Launched American Depositary Receipts Program

Each Yingli Green Energy ADR represents one common share. A total of 29,000,000 American Depositary Shares were sold in the offering at a price of US$11 per ADR, resulting in a total offering size of US$319 million.

June 7, 2007

LDK Solar Becomes JPMorgan’s New Addition to the List of Companies it Serves as a Depositary Bank

On 6 June 2007, LDK Solar completed its level 3 initial public offering of American Depositary Receipts (ADRs) on the New York Stock Exchange ("NYSE").

June 5, 2007

JPMorgan Re-opens Turkcell ADR Program

JPMorgan today announced that it has successfully re-opened American Depositary Receipt ("ADR") issuances and cancellations for Turkcell Iletisim Hizmetleri A.S. ("Turkcell"), effective 17 May 2007. Turkcell is the leading mobile communications provider in Turkey.

May 23, 2007

JPMorgan Acts as Depositary Bank for China Sunergy’s Newly Launched American Depositary Receipt Program

A leading manufacturer of solar cell products, China Sunergy completed its level 3 new initial public offering of American Depositary Receipts (ADRs) on NASDAQ on May 22, 2007.

May 22, 2007

JPMorgan Launches Depositary Receipt Index Program

JPMorgan today announced the launch of its first Depositary Receipt Index program with a dozen indexes designed to provide retail and institutional investors with new investable benchmarks for global equity performance.

May 15, 2007

JPMorgan is First 3rd Party Administrator in Luxembourg to Reach $300 Billion Mark

According to Fitzrovia, the independent data firm, JPMorgan Bank Luxembourg S.A. is the first 3rd party Luxembourg fund administrator to have $300 billion of assets under administration and is the largest custodian and fund administrator in Luxembourg.

May 14, 2007

JPMorgan Launches Private Equity Fund Services in UK

Huw Jones joins as head of JPMorgan Private Equity Fund Services’ London office to expand the business throughout Europe and the Middle East, offering fund administration and portfolio administration to European and Middle Eastern private equity firms and to limited partners (investors).

April 30, 2007

China’s Linktone Selects JPMorgan as the Successor Depositary Bank for its NASDAQ-listed American Depositary Receipt Program

Linktone is a leading provider of wireless interactive entertainment products and services in China. The company provides a diverse portfolio of services to wireless consumers, with a particular focus on media, entertainment and communications.

April 26, 2007

JPMorgan Celebrates 80th Anniversary of the ADR

JPMorgan created and launched the first–ever ADR on April 29, 1927 for the U.K.’s Selfridges Provincial Stores Limited (now known as Selfridges PLC), the famous British retailer. The first ADR was listed on the New York Curb Exchange, the precursor to the American Stock Exchange.

April 23, 2007

JPMorgan Worldwide Securities Services Wins Custody Mandate for Pension Insurance Corporation

JPMorgan will provide custody, fund accounting and associated services for PIC.

April 17, 2007

JPMorgan to Provide Alternative Asset Fund Services for Ireland's National Pensions Reserve Fund

The fund was valued at €18.8 billion at the end of 2006. The National Treasury Management Agency projects the value of the NPRF's property and private equity portfolios will be at least €2 billion each by 2009.

April 11, 2007

JPMorgan Launches New Investment Improvement Tools

The new tools – Manager Consistency Analysis and Marginal Risk Analysis – are the latest from JPMorgan, and are designed to help asset managers and pension and endowment fund executives achieve greater risk-adjusted returns for investment portfolios.

April 9, 2007

JPMorgan Fund Services Expands Boston Operations

JPMorgan has hired more than 150 new employees in the past year and plans to hire more this year to provide custody, accounting, investment operations and fund administrative services for U.S. mutual fund companies.

April 2, 2007

JPMorgan Launches the First Global Depositary Receipt Listing on the Singapore Exchange

JPMorgan will act as depositary bank for the Uttam Galva Steels Limited (“Uttam Galva”) Global Depositary Receipt (“GDR“) program. This is the first ever GDR listing on the Singapore Exchange Securities Trading Limited (“SGX”), established in conjunction with the company’s US$20 million Regulation S offering.

March 26, 2007

JPMorgan Selected for Launch of NYSE ARCA TECH 100 ETF

JPMorgan will provide fund accounting, fund administration, transfer agency and custody services for the new ETF that replicates the NYSE Arca Tech 100 Index, which represents 100 companies in the technology field and related industries. The ETF is expected to begin trading on the NYSE Arca, L.L.C. under the symbol (NXT) on March 26, 2007. Shares are expected to be available in the secondary market on March 28, 2007.

March 20, 2007

J.P. Morgan Property Exchange Creates Strategic Alliance Program

The new program means JPEX will establish formal alliances to provide services for Like-Kind Exchanges (LKEs), which are allowed under Section 1031 of the Internal Revenue Code, and allow taxpayers to defer capital gains on the exchange of business/investment property.

March 19, 2007

J.P. Morgan Global E-Tax System Expanded

The latest version of J.P. Morgan E-Tax offers detailed tax profiles that are updated daily in more than 90 markets providing in-depth tax information including statutory exemptions, tax procedures and reclaim forms worldwide.

March 7, 2007

Knight Equity Markets International Chooses JPMorgan Globeclear for Clearing and Settlement

Knight began a review at the end of last year of its requirements for the clearing, settlement and related services of its on- and off-exchange trading activity. After the review, Knight reappointed JPMorgan GlobeClear, which has provided over the counter (OTC) and on-exchange securities clearing for Knight since 2004.

March 5, 2007

JPMorgan Worldwide Securities Services Wins £9.5BN Asset Servicing Mandate from Wellcome Trust

Under the agreement, JPMorgan will provide custody, accounting, monthly performance measurement, cash products and foreign exchange services, passive currency overlay, and commission recapture for the £13.9 billion* foundation.

March 1, 2007

JPMorgan Worldwide Securities Services Wins £733 Million Custody Mandate from Southwark Council Pension Fund

Separately, JPMorgan Transition Management recently completed an asset restructure for the Southwark Pension Fund. The transition saw the restructure of £520m of equity assets divided among three fund managers.

February 26, 2007

JPMorgan to Acquire Fund Services Business of Integrated Investment Services

Integrated Investment Services (IIS) is a fund accounting, fund administration and transfer agency services business. The acquisition is expected to close in the second quarter of 2007.

February 22, 2007

Proshares Selects JPMorgan to Help Launch 12 More ETFs

JPMorgan Worldwide Securities Services will supply a full range of services including fund accounting, fund administration and custody services. The fund accounting, fund administration and regulatory services will be provided by JPMorgan’s U.S. Fund Services unit, which is based in Boston.

February 14, 2007

NYSTRS Selects JPMorgan as First Non-Custody Securities Lending Agent for Fixed Income

JPMorgan’s Securities Lending business will lend fixed income securities to qualified borrowers, seeking to create extra income for NYSTRS, one of the largest public retirement systems in the nation.

February 13, 2007

Rydex Investments Announces the Launch of CurrencysharesSM Japanese Yen Trust

Shares of the first yen–based exchange traded fund (ETF) will begin trading today on the New York Stock Exchange. CurrencyShares Japanese Yen Trust (NYSE: FXY) tracks the daily price movement of its underlying currency, with shares of the trust representing approximately 10,000 yen.

February 5, 2007