JPMorgan Treasury Services Boosts Trade Services Team to Support Growing Demand for its New Trade Services

7 August 2002 - JPMorgan Treasury Services has appointed Conor O'Dowd as Regional Head of Global Trade Asset Distribution in EMEA to cater for the growing demand from its clients for risk and balance sheet management techniques around their trade business. JPMorgan Treasury Services has invested significantly in developing web-based trade services in order to enable its clients to achieve greater efficiency through the automation of traditionally paper-based trade processes.

O'Dowd joins JPMorgan Treasury Services after twelve years at American Express Bank in London where he occupied a number of different roles. Most recently he was a Director in Trade Asset Sales where he was responsible for syndications and the placement of loan and trade assets in the secondary market.

Alexander Caviezel, Head of Trade Services, JPMorgan Treasury Services, EMEA, comments: "Conor has extensive experience within this sector and will play a pivotal role in further enhancing our trade services palette. Besides the traditional disciplines of secondary distribution and insurance, Conor's appointment is a key part of JPMorgan Treasury Services' strategy to provide a well-rounded set of trade services to our clients as they increasingly move to electronic solutions - the unique challenge being that automation leads to aggregation of transactions and as such, a new concentration of risk profiles."

ABOUT JPMORGAN TREASURY SERVICES
JPMorgan Treasury Services is a leader in cross-border and U.S. dollar payments, trade finance and treasury services management. JPMorgan Treasury Services processes as much as $1.9 trillion in U. S. Dollar wire payments daily. As a leading force in the finance industry, JPMorgan Treasury Services is an active member of some of the most prominent and innovative financial industry committees worldwide. JPMorgan Treasury Services delivers the strength of a global investment banking powerhouse, along with the personal touch and best in-country expertise of the finest regional banks worldwide. The firm operates the most extensive correspondent banking network in the industry with nearly 3,000 relationships around the world. As a technology innovator, JPMorgan Treasury Services provides clients with robust Internet-based solutions for one-stop planning, management and reporting.


ABOUT J.P. MORGAN CHASE & CO.
J.P. Morgan Chase & Co. is a leading global financial services firm with assets of $694 billion and operations in more than 50 countries. With relationships with over 99% of the Fortune 1000 companies, the firm is a leader in investment banking, asset management, private banking, private equity, custody and transaction services, and retail and middle market financial services. A component of the Dow Jones Industrial Average, JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate, institutional and government clients.

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