With a legacy dating back to 1799, we have a history of demonstrating leadership during times of both economic growth and financial instability.
J.P. Morgan's history in Belgium dates back to 1919, when Guaranty Trust Co., a predecessor firm, opened a branch in Brussels. That year also marked the appointment of J.P. Morgan & Co. and Guaranty Trust Co. as fiscal agents for the Belgian Treasury in the United States. It was the first American bank to be established in Belgium.
In 1969, Morgan Guaranty launched Euroclear, a system providing for the orderly settlement of transactions in Eurobonds. This innovation followed other pioneering services to the Eurobond market by the Brussels office, including the development of procedures for the closing and initial distribution of major issues of Eurobonds.