30 January 2003 - London - JPMorgan Treasury Services www.jpmorgan.com/ts, a unit of JPMorgan Chase Bank and a leader in global treasury, trade and cash management services has been selected by CLS shareholder Banco Popular EspaÃ±ol to provide CLS third party services.
Banco Popular EspaÃ±ol, the third largest banking group in Spain, selected JPMorgan after an extensive review of third party services providers because of its reputation within the market and competitive pricing, as well as its liquidity and credit offering.
Brian Wedge, CLS Product Manager at JPMorgan, comments, "This is a significant win for us, particularly because Banco Popular EspaÃ±ol is a CLS shareholder and has been highly involved with CLS since inception. The fact that JPMorgan was selected is testimony to the strength of our offering and our commitment to CLS and the third party services market."
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