Management Strategies

11:14 AM
Connect Directly
RSS
E-Mail
50%
50%

J.P. Morgan Expands Securities, Treasury Services

J.P. Morgan announced Monday during Sibos an expansion of its direct custody and clearing capabilities, as well as expanded global payment capabilities.

J.P. Morgan announced Monday during Sibos an expansion of its direct custody and clearing capabilities, as well as expanded global payment capabilities.

J.P. Morgan's Worldwide Securities Services (WSS) will grow its direct custody and clearing footprint by expanding its local services presence in markets including Australia, India, New Zealand, Taiwan, Russia, the United Kingdom and United States. The company already has custody and clearance services available to institutional investors in more than 100 markets.

“Expanding our local services into additional markets is a natural extension of our existing business and is compelling: it gives clients an integrated solution across a range of markets supported by our world-class client service, a unified technology platform and local market expertise,” said Rowena Romulo, head of Direct Custody & Clearing at WSS.

Meanwhile J.P. Morgan Treasury Services announced it has launched several offerings to help financial institutions streamline global payment processing, improve efficiency and mitigate risk. Those solutions include direct clearing of high value payments, indirect euro clearing services, a new International Demand Deposit Account platform and expanded coverage in Asia.

"It is imperative to continue to invest in Treasury Services to ensure our solutions, service and technology are market-leading and best meet our clients' needs," said Donald McCree, Chief Executive of J.P. Morgan's Treasury Services business. "We have kept up our level of investment, even during the market uncertainty in the last two years, and will continue to do so. These offerings will help us ensure we continue to be placed as an industry leader in Treasury Services."

Comment  | 
Print  | 
More Insights
Register for Bank Systems & Technology Newsletters
White Papers
Current Issue
Bank Systems & Technology Oct. 14, 2014
Bank Systems & Technology's new Must Reads is a compendium of our best recent coverage of customer analytics. Learn what big data means for banks, meet Wells Fargo CDO Charles Thomas, find out how to connect with your Gen Y customers, and more.
Slideshows
Video
Bank Systems & Technology Radio
Archived Audio Interviews
Join Bank Systems & Technology Associate Editor Bryan Yurcan, and guests Karen Massey and Jerry Silva from IDC Financial Insights, for a conversation about the firm's 11th annual FinTech rankings.