Bahrain, 30 October 2007 - JPMorgan Worldwide Securities Services (JPMorgan WSS) today announced it has expanded its Securities Company's business in the Middle East.
Tim Peters has joined as head of business development and relationship management for JPMorgan WSS in the Middle East and North Africa to provide custody and related securities services to sovereign, corporate and institutional investors.
Mr. Peters, who joined from Brown Brothers Harriman and previously worked for JPMorgan's private bank, will be based in Dubai. Additional hires will be made in the region to expand the team that will report to Mr. Peters. The new hires are expected to be based in JPMorgan's offices in Dubai and Riyadh.
Francis Jackson, head of business development and relationship management for JPMorgan WSS in Europe, Middle East and Africa, said: "The Middle East and North Africa region is one of our focuses for growth, and we want to provide the best possible service to the fund management and institutional investor community there. We are pleased to have hired Tim Peters to lead our efforts from the region to provide a high level of service and product solutions to our clients."
About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $15.6 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. For more information, please visit www.jpmorgan.com/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 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 serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.