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J.P. Morgan establishes local office in Abu Dhabi

Feb 17, 2010

Abu Dhabi, 17 February 2010 – J.P. Morgan this week hosted an opening ceremony for its new office in Abu Dhabi.

J.P. Morgan marked the opening with a reception attended by His Excellency Khalil Mohammed Sharif Foulathi, Central Bank of UAE Chairman, government officials and clients. It was hosted by Heidi Miller, Chief Executive of J.P. Morgan Treasury & Securities Services, and attended by senior J.P. Morgan executives.

J.P. Morgan has done business in the Middle East for more than 50 years since The Chase Manhattan Bank, a forerunner of today’s J.P. Morgan, opened an office in Beirut.

Ghassan Abdul Karim, Chairman of the Middle East, North Africa, Turkey and Central Asia region at J.P. Morgan said: "We are pleased to announce the opening of our Abu Dhabi office that is a further statement to the firm's commitment to Abu Dhabi, the UAE and to the entire MENA region."

Murad Megalli, CEO of the Middle East, North Africa, Turkey and Central Asia region at J.P. Morgan, said: “Our local presence combined with J.P. Morga's unique product breadth and industry expertise will be essential to serve our clients with world-class banking services.”

Asif Raza, head of J.P. Morgan Treasury & Securities Services in the Middle East North Africa region, said, “Opening an office in Abu Dhabi is an important milestone for us in this region and demonstrates the strategic importance of Abu Dhabi to our business. The office will further strengthen our ties to the local business and financial community, and enable us to help these clients meet their needs.


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