J.P. Morgan to Provide Clearing and Settlement Services for Otkritie on Chi-X Europe

London, - J.P. Morgan Worldwide Securities Services today announced that its GlobeClear business has been appointed to provide clearing and settlement services for Otkritie Capital (Otkritie), the Russian financial services group, when executing trades on Chi-X Europe, the leading pan-European equities exchange.

“We are seeing increasing interest in the Russian depositary receipts market as clients look to broaden their trading strategies and associated connectivity. Otkritie’s membership of Chi-X Europe will help them meet this demand for trading depositary receipts listed overseas,” said Mike Reece, Market Manager for Banks and Broker Dealers for J.P. Morgan Worldwide Securities Services EMEA. “GlobeClear provides clients with access to multiple markets and ever greater freedom and flexibility in their trading needs. We look forward to working with Otkritie and helping their clients to access new pools of liquidity.”

Roman Lokhov, CEO of Otkritie Capital said: “We look forward to building on this important relationship with J.P. Morgan, which provides us with greater access to key European markets and significant liquidity. J.P. Morgan’s unrivalled reputation in providing access to new markets will continue to allow Otkritie to help our clients and broaden our presence on a global scale.”

GlobeClear supports over 50 trading venues, providing access to the major European exchanges and MTFs. It provides clearing and settlement agency services covering all fixed income and equity securities for banks, brokers and hedge funds that want to trade in the global markets.

About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) 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. A division of JPMorgan Chase Bank, WSS leverages the firm’s global 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 funds under administration. For more information, go to www.jpmorgan.com/wss.

About JPMorgan Chase & Co.
JPMorgan Chase & 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 & 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.

About Otkritie Financial Corporation
Otkritie Financial Corporation is one of Russia’s leading financial institutions, focused on investment banking, commercial banking, brokerage services, and asset management. The key constituents of Otkritie Financial Corporation are Otkritie Bank, Otkritie Brokerage, Otkritie Asset Management, Otkritie Securities Limited and Otkritie Finance (Cyprus) Limited. At present, the companies that comprise the Otkritie Financial Corporation provide a wide range of services to retail, corporate, and institutional clients on both the domestic and global stock markets. Clients are also offered a traditional set of banking products.