JPMorgan Worldwide Securities Services Launches Local Language Online Reporting Capabilities In Asia
JPMorgan Securities Company, a division of Worldwide Securities Services announced today the launch of an innovative local language reporting solution for institutional clients in Asia, after a comprehensive pilot program that included two highly respected Asian insurance organizations holding USD24 billion in Assets Under Custody. JPMorgan clients are now able to switch between Simplified Chinese, Traditional Chinese and English language reporting with the click of a button.
This latest enhancement to JPMorgan ACCESS Views Portfolio Reporting is part of a global program to provide clients with the convenience of local language and translation functionality, combined with the power offered by the most comprehensive reporting tool used by the institutional market in the Asia Pacific region. It follows a similar rollout of a German language version earlier this year.
“Our local language capabilities provide easier access to JPMorgan’s ”best in class“ global reporting platforms across the full range of asset servicing including custody, accounting, cash and securities lending,” JPMorgan Worldwide Securities Services APAC CEO, Laurence Bailey said. “By working directly with our clients, we have successfully developed a tool that not only meets their needs but has been tested through an extensive pilot program to ensure market readiness. The new capabilities are seamlessly integrated into our current platforms, delivering highly flexible, comprehensive and customized reporting”
The tool is also used extensively by JPMorgan Client Service teams to service the growing client base in Asia. “Our multi-language reporting capabilities complement our long established strategic agenda of recruiting multilingual specialists within the region,” said Mr. Bailey, adding, “offering local language capabilities as part of our online technology solution is a significant milestone in JPMorgan’s 87-year history of operations in Asia and highlights the innovation and commitment that JPMorgan brings to the region.”
Views Portfolio Reporting is the JPMorgan Securities Company’s flagship reporting platform, and single solution for custody and administration clients’ information reporting and transaction service needs. Launched in September 2005, Views Portfolio Reporting provides over 500 core reports, a highly flexible scheduler and a powerful customization tool, with access to over 10,000 data elements, enabling clients to easily design reports to meet their evolving needs. 1800 JPMorgan clients utilize the platform on a daily basis, with over 220 clients using the platform across the Asia Pacific region.
JPMorgan Worldwide Securities Services is the leading Custodian and Asset Administrator in Asia Pacific, safekeeping and servicing over USD1.6 trillion of assets either sourced or invested into the region.
About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services (WSS), a division of JPMorgan Chase Bank, N.A., is a global industry leader with $15.6 trillion in assets under custody. The two product companies that form WSS, Securities Company and Clearance & Agency, provide innovative custody, fund accounting, administration and securities services to the world’s largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan WSS leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands.
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