J.P. Morgan Takes Regional Treasury Center Advisory Services on Road as Chinese Companies Accelerate Growth Plans
Hong Kong - J.P. Morgan is ramping up its support of Chinese companies seeking to expand their global presence, launching an advisory program on the mainland aimed at educating corporate clients on how to reduce costs, maximize returns and mitigate risks by establishing a regional treasury center.
The J.P. Morgan “Going Global” advisory consultations feature an extensive road show in a number of cities across China, including Beijing and Shanghai, among others, along with RTC-related forums at industry events and tailored one-to-one client briefings. By consolidating individual treasury centers into a centralized, regional operation, companies can accelerate their expansion plans, more quickly integrate their acquisitions and more effectively manage their foreign exchange risk. The centers are becoming an increasingly important priority for leading Chinese companies, as they seek to build and acquire a regional and global platform for their businesses.
Lisa Robins, Head of Treasury & Securities Services, China, J.P. Morgan, said: “We’ve embarked on this RTC program in China because we’re hearing from many of our clients and potential new partners that they’re looking to further implement treasury management best practices that will enhance efficiency, provide greater insight into their treasury operations and drive greater profitability across a diverse set of subsidiaries. It is clear that there is a tremendous amount of enthusiasm for building an offshore treasury center, and J.P. Morgan is well placed to play a strategic advisory role to these companies.”
J.P. Morgan has been providing advisory and executional RTC services in Asia Pacific for almost 20 years, supporting clients from several countries, including Korea, Japan and Taiwan, in opening RTCs across key regional and global markets, including the U.S. and Europe.
Lionel Smith, Head of Consulting - Asia, Treasury Services, J.P. Morgan, said: “Our long heritage in providing RTC services to our Asia Pacific clients and our team’s corporate finance knowledge and insight mean we can deliver turnkey solutions that help our corporate partners unlock the intrinsic value of their company as they expand beyond their home market. Through an RTC, they can consolidate their operations and processes, thereby driving significant cost savings, maximizing returns and mitigating risk.”
The J.P. Morgan “Going Global” RTC program is expected to continue into 2011.
About J.P. Morgan Treasury Services
J.P. Morgan’s Treasury Services business is a full-service provider of innovative cash management, trade, liquidity, commercial card and escrow services -- specifically developed to meet the challenges treasury professionals face today. More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their business to J.P. Morgan. 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 $2.0 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 and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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