JP Morgan Chase 2009 Annual Report Download - page 44

42
Treasury & Securities Services
J.P. Morgan’s Treasury &
SecuritiesServicesdivisionis
a global leader in transaction,
investment and information
services. We are one of the
world’s largest cash manage-
ment providers, processing
a market-leading average
of$3.1trillioninU.S.dollar
transfers daily, as well as a
leading global custodian with
$14.9trillioninassetsunder
custody. We operate through
two divisions:
Treasury Services provides
cash management, trade,
wholesale card and liquid-
ity products and services to
small- and mid-sized compa-
nies, multinational corpora-
tions, financial institutions
and government entities.
Worldwide Securities Services
holds, values, clears and
services securities, cash and
alternative investments for
investors and broker-dealers
and manages depositary
receipt programs globally.
2009 HIGHLIGHTS AND ACCOMPLISHMENTS
• Continuedstrongunderlyinggrowthinthe
following key business drivers: international
electronicfundstransfervolumesgrew13%,
assetsundercustodygrew13%andthe
numberofwholesalecardsissuedgrew19%.
• Receivedmorethan100industryawardsand
toprankings,includingSecuritiesLending
Manager of the Year (Global Pensions), Best
OverallHedgeFundAdministrator(HFMWeek),
Pension Fund Custodian of the Year (ICFA
magazine),FundAdministratoroftheYear:
Europe(ICFA magazine),BestDepositaryReceipt
Bank (The Asset), Best Overall Bank for Cash
Management:NorthAmerica(Global Finance),
BestLiquiditySolutionsProvider(The Asset),
BestGlobalCashManagementServicesinAsia
Pacific (Asiamoney) and many others.
• Theonlynancialinstitutioninvitedby
theU.S.DepartmentoftheTreasury’s
FinancialManagementService(FMS)and
theDepartmentofDefensetoparticipatein
aseriesofmeetingsintheU.S.,Kuwaitand
AfghanistantoassistFMSandtheU.S.Army
toward implementing a prepaid card program
thatwouldnotonlyhelpU.S.troopsbutalso
benetthelocalpopulationinAfghanistan.
We actively work with clients on a global basis to fully
optimize their working capital, manage their collateral
and help mitigate their risk eectively.
New oces
New services
Existingcapabilities
We expanded our global footprint to better serve clients around the world
• Strengthenedourinternationalpresence:
OpenedbranchesinChina,Denmark,Finland,
NorwayandSweden;launchedservicesin
Tokyo,SouthKorea,BrazilandMexico;and
expandedcapabilitiesinAustralia,India,
Europe,theMiddleEastandAfrica.
• AcquiredANZ’sCustodianServicesbusiness,
including access to more than 100 clients and
AUD99billioninassetsundercustody,further
strengthening our position as one of the leading
providers of third-party custodial services in the
AustralianandNewZealandmarketplace.
• Remainedthe#1clearerofU.S.dollarsinthe
worldandhavebeen#1inAutomatedClearing
Houseoriginationsforthepast34years.
• AnnouncedtheformationofthePrime-
CustodySolutionsGroup,ateamresponsible
for delivering the firm’s integrated prime
brokerage and custody platform to clients.
• Leddepositaryreceiptinitialpublicoering
(IPO)capitalraisingwitha77%marketshare
and three of the five largest IPOs of the year,
including landmark deals from both Brazil
and China.