J.P. Morgan Expands Commercial Banking Business to Serve Companies Headquartered in Europe and Asia-Pacific
Building teams in select countries to provide local corporations with access to a strong global network, market expertise, and investment banking, cash management and credit solutions
J.P. Morgan announced that Commercial Banking is continuing to expand internationally in European and Asia-Pacific markets.
“We see a lot of opportunity for local corporations in these markets to grow, and they can benefit from working with a global banking partner,” said Rob Holmes, head of Corporate Client Banking & Specialized Industries (CCBSI), within Commercial Banking. “We’re committed to supporting businesses around the world for the long term by delivering the full breadth of the firm to meet our clients’ evolving needs.”
The firm appointed Andrew Kresse as head of CCBSI International Banking. Kresse is building out local teams responsible for establishing the business’ international presence across Asia-Pacific and Europe to support non-U.S. headquartered clients with their Credit, Hedging, Investment Banking, Trade and Treasury Services needs. A 24-year industry veteran, Kresse has extensive experience in J.P. Morgan’s Corporate & Investment Bank, partnering across Global Investment Banking, Corporate Banking, Markets, Commercial Banking, and Business Banking, and most recently served as CEO of Chase Business Banking.
Commercial Banking is expanding into markets where the firm and business already have a meaningful presence, driving operating leverage and efficiency, while further delivering best-in-class products and solutions to more global companies. This expansion is building upon the successful model supporting businesses headquartered in the U.S., Mexico and Canada, and the Corporate & Investment Bank’s strong global footprint.
“This is an exciting time to be joining the team. Corporations of all sizes are looking for a bank with a global presence and expertise, and we’re hiring talented and experienced bankers in each market to deliver these capabilities in a disciplined and segmented approach,” said Kresse. “This is a long term commitment made by the firm and you can expect to see us in many more countries over time.”
Bertrand Cousin, head of CCBSI Europe, is based in Paris, and leads a team responsible for establishing the business’ presence in Germany, Italy, the Netherlands, Spain, France and the United Kingdom. With 15 years of international experience in structured finance in Europe and the U.S. and 10 years with the firm, Cousin was most recently Head of Corporate Banking for France, Belgium and Luxembourg for J.P. Morgan’s Corporate & Investment Bank.
Key hires on the CCBSI Europe team include:
- Dr. Bernhard Brinker, based in Frankfurt. He was previously Divisional Board Member for Private Banking at UniCredit Bank AG.
- Marco Mariano, based in Milan. He was previously Head of Commercial Banking for Italy at HSBC.
- Hein Broerse, based in Amsterdam. He was previously Thailand Country Head for the Global Subsidiaries Group at Citi.
- Ignacio Álvarez-Cedrón, based in Madrid. He was previously Head of Global Markets for Iberia for J.P. Morgan’s Corporate & Investment Bank.
- Claude Craciun, based in Paris. He was previously a Senior Relationship Manager at Société Générale.
Pravin Advani has been named head of CCBSI Asia-Pacific, based in Singapore. A 28-year industry veteran with extensive international banking experience, Advani previously served as Head of Global Trade and Loan Products for J.P. Morgan’s Corporate & Investment Bank.
By investing in top talent, the team will establish relationships with leading local companies and further deepen its relationship in the global community. J.P. Morgan plans to continue to grow the team and explore other markets across Europe and Asia-Pacific.
About JPMorgan Chase Commercial Banking
At JPMorgan Chase Commercial Banking, we provide credit and financing, treasury services, international banking and real estate services to clients – including corporations, municipalities, institutions, real estate investors and owners, and not-for-profit organizations. JPMorgan Chase is a leading global financial institution, with a history dating back more than 200 years. Currently we have assets of $2.6 trillion dollars with more than 250,000 employees and a presence in over 100 markets. We’re part of the Dow Jones Industrial Average. (NYSE: JPM) https://commercial.jpmorganchase.com/pages/commercial-banking
J.P. Morgan’s Corporate Client Banking and Specialized Industries group, within Commercial Banking, serves corporations and collaborates with the firm’s other lines of businesses, including Corporate & Investment Bank and Asset and Wealth Management, to bring corporations access to integrated and sophisticated financial solutions, including cash management, capital raising, loan syndications, mergers and acquisitions advisory, private banking, treasury services, among other solutions. The firm has regional and industry experts that have deep knowledge and experience in specific sectors, including healthcare, manufacturing, technology, financial institutions, energy, entertainment and real estate.