J.P. Morgan Wins Four Trade Industry Awards
Named “Best Trade Bank in the World” for Second Time by Trade & Forfaiting Review
New York, – J.P. Morgan’s Treasury Services Global Trade unit won four Gold awards for leadership from Trade & Forfaiting Review (TFR) in its annual 2011 readers poll – including Best Trade Bank in the World for the second year running. The global poll asked TFR readers to evaluate leading providers of trade finance. Financial institutions competing for first place included Citi, BNP Paribas, BNYMellon, and ING Bank. J.P. Morgan won Gold in the following categories:
*Best Trade Bank in the World (J.P. Morgan has won this category since it was added to the poll in 2010)
*Most Innovative Trade Bank
*Best Online Trade Provider
*Best Bank for Supply Chain Finance
“We are delighted with the results of this year’s TFR poll. It’s tremendously gratifying to see that TFR readers think enough of our solutions and services to call J.P. Morgan Best Trade Bank in the World for the second time in two years,” said Daniel Cotti, Global Trade Executive, J.P. Morgan Treasury Services. “We’re also honored by our new wins in other key categories – innovation, online trade finance solutions, and supply chain finance programs – which are areas of intense focus for us at the moment.”
J.P. Morgan is launching an enhanced version of its online platform, Trade Channel, and won two 2010 Deal of the Year awards for the supply chain finance program it developed for Caterpillar Inc.
“The TFR awards show that we are continuing to deliver best-in-class products and service to our clients and maintain our leadership position within the industry,” added Cotti.
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 $2.2 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 http://www.jpmorganchase.com.
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