J.P. Morgan Settles Successful Securities Lending Transaction in Brazil 2011/05/29 at 6:09 pm
NEW YORK–(EON: Enhanced Online News)–JP Morgan Worldwide Securities Services (WSS) today announced that it
has successfully executed and settled a securities lending transaction
in the Brazilian market. In doing so, JP Morgan is the first non-
domestic agent lender to complete a loan transaction in Brazil.
The
ability to offer Securities Lending services in the Brazilian market is
part of our strategy to offer our global and Brazilian clients a broad
range of local services to support their investment strategies.
JP Morgan as a firm has a long standing commitment to the Latin
America market, where it has conducted business for over 100 years. JP
Morgan’s securities lending business also has a track record in emerging
markets. JP Morgan was the first agent lender to settle the first
non-domestic securities lending transaction in Korea and is the largest
lender within many emerging markets, including Taiwan.
“As Brazil is a complex market, we have been involved in due diligence
for quite some time and we are very pleased to now be able to enter such
an exciting market,” said Judy Polzer, global head of securities lending
product at JP Morgan. “This development underscores our commitment to
offering global access to our client base and to building upon our
history as a leader in emerging markets.”
Ricardo Nascimento, head of WSS business for Brazil, adds that “The
ability to offer Securities Lending services in the Brazilian market is
part of our strategy to offer our global and Brazilian clients a broad
range of local services to support their investment strategies.”
JP Morgan’s Worldwide Securities Services business was recently ranked
the top securities lending provider among the large global securities
lending providers in the 2011 Global Custodian Securities Lending
Survey and was the only large global securities lending agent to have
ratings above average in all three regions covered by the survey (North
America, Europe, Asia-Pacific). For more information on JP Morgan
securities lending services, please visit www.jpmorgan.com/securitieslending.
About JP Morgan Worldwide Securities Services
JP Morgan Worldwide Securities Services 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. Worldwide Securities Services
leverages the firms unparalleled scale, leading technology and deep
industry expertise to service investments around the world. It has $16.6
trillion in assets under custody and $7.5 trillion in assets under
administration. For more information, go to www.jpmorgan.com/visit/wss.
About JPMorgan Chase amp; Co.
JPMorgan Chase amp; Co. (NYSE: JPM) is a leading global financial services
firm with assets of $2.2 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 amp; Co. serves
millions of consumers in the United States and many of the worlds most
prominent corporate, institutional and government clients under its JP
Morgan and Chase brands. Information about JPMorgan Chase amp; Co. is
available at www.jpmorganchase.com.