Andean, Central America and Caribbean Regions
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J.P. Morgan's leadership in the Andean, Central America and Caribbean Regions extends across the Investment Bank, Private Banking, Treasury Services, Investor Services, and the Global Corporate Bank. The firm has strong roots and unparalleled breadth and depth of both products and local experience.
The firm traces its roots here back to 1904, when the U.S. Treasury chose J.P. Morgan & Co. to arrange fund transfers for the payments of rights construction of the Panama Canal. At the time, it was the largest real estate transaction in history. In 1925, Chase National Bank, a predecessor firm, acquired the Panama City branch of the America Foreign Banking Corporation, which had opened 10 years earlier.
In 1957, Chase Manhattan began operations in Venezuela. In 1964, the company opened a representative office in Colombia. In 1980, a representative office was opened in Peru. Most recently, the firm opened an investment bank in Colombia – J.P. Morgan Corporación Financiera S.A. – to meet the needs of clients locally.