Sydney, 15 December 2011 - J.P. Morgan has today announced the appointment of Mark Kelley to the position of Chief Executive Officer of its Worldwide Securities Services (WSS), Australia and New Zealand division. Mr Kelley will also assume the role of J.P. Morgan Treasury & Securities Services (TSS) Country Lead for Australasia.
In his new role, Mr Kelley is responsible for all aspects of the WSS business including sales, operations, technology, product, client service and the organisation's strategic agenda.
J.P. Morgan's WSS business focuses on custody and administration services by helping clients - institutional investors, alternative asset managers, broker dealers and equity issuers - optimise efficiency, mitigate risk and enhance revenue.
Mr Kelley joined J.P. Morgan in 2006 and was most recently head of America's market management for WSS based in New York. In that role he was responsible for setting strategy, driving sales and relationship management, and managing profitability for all clients in the western hemisphere.
Prior to joining J.P. Morgan, Mr Kelley served as Managing Director and Regional Business head of Citigroup's Securities and Fund Services Europe, Middle East and Africa division. Based in London, he managed the custody and clearing services, fund accounting and fund administration businesses. He was responsible for strategic planning and business development and directed all of the bank's securities-related business across 24 countries.
"Mark brings more than 20 years of financial services experience to his new role and will be an invaluable addition to the region. His appointment reflects J.P. Morgan's strong commitment to growing the Worldwide Securities Services offering in Australia and New Zealand," said Laurence Bailey, Chief Executive Officer, J.P. Morgan WSS, Asia Pacific.
J.P. Morgan's Australian business dates back more than 130 years to the founding of Ord Minnett. Since that time the firm has adopted a systematic approach to developing diverse product capabilities while broadening its client base.
"We have a steadfast focus on our clients' continuing and evolving needs and with Mark's experience and guidance we will continue to ensure that our clients have access to the full product and service power of the firm globally," said Rob Priestley, Chief Executive Officer, J.P. Morgan Australasia.
Mr Kelley said the key focus of the WSS business in 2012 will be to continue strengthening client partnerships by leveraging J.P. Morgan's global capabilities across all business areas.
"Our global presence, with centres of excellence around the world, means J.P. Morgan is ideally positioned to partner with our superannuation and investment manager clients in Australia and New Zealand in an increasingly dynamic business environment," Mr Kelley said.
"We are committed to utilising our world class product and service power while sharing the knowledge and expertise J.P. Morgan has as an international market leader and an innovator across tax, accounting and investment operations."
Mr Kelley holds a B.S. in Foreign Affairs and International Economics from Assumption College in Massachusetts.
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A.,WSS leverages the firm's global scale, leading technology and deep industry expertise to service investments around the world. It has $16.3 trillion in assets under custody and $7.2 trillion in funds under administration. For more information, go to www.jpmorgan.com/wss.
About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 100,000 clients and services provided in more than 60 countries and 40 states, J.P. Morgan Treasury Services is one of the world's largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of US$2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.