Mumbai, 11 May 2009 - J.P. Morgan today announced the launch of its Escrow Services in India. Through the launch of these services, J.P. Morgan will be able to provide an important complement to the cash management and trade finance products already offered today in this key market.
J.P. Morgan's suite of Escrow Services is built on experience and is customised to cover the needs that arise in any company's business including, but not limited to, escrow structures for mergers and acquisitions, regulatory payments and raising capital.
"India is an important market for us and we are committed to servicing our clients both in-country and cross-border. Setting-up an escrow with J.P. Morgan is a fast, secure and efficient way to safeguard your designated assets and mitigate risk for critical transactions," said Christine Doria, Escrow and Bankruptcy Services - product executive for J.P. Morgan Treasury Services.
Rajiv Jain, head of J.P. Morgan Treasury Services in India and South Asia added: "Our new Escrow Services will give our domestic clients an invaluable tool in today's world. Clients are finding that the use of secured assets through an Escrow Service can assist in cash collateralising credit usage - enabling access to greater amounts of liquidity. We are pleased to be able to offer this value-added service to both our existing and new cash management and trade finance customers in India."
J.P. Morgan's dedicated Escrow team offers a reliable and dependable service to ensure that transactions close quickly, accurately and securely. Clients of Escrow Services have access to a broad range of related cash management and trade finance services, such as foreign exchange to address currency risk in cross-border transactions.
J.P. Morgan's rigorous risk management policies, strong balance sheet and capital base, which are especially important to clients navigating turbulent markets, complement the firm's leadership position in Escrow Services.
J.P. Morgan leverages the services and products of its Worldwide Securities Services division, as well as its Investment Bank and Asset Management lines of business to provide its customers with one-stop solutions.
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 and investment 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 50,000 clients and a presence in 39 countries, 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 $2.1 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, Chase, and Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.