J.P. Morgan Completes Commodity Acquisitions from UBS AG
New York – J.P. Morgan announced today that it has completed its acquisitions of UBS Commodities Canada Ltd. and UBS AG’s global agricultural business. The acquisitions were announced on December 22, 2008.
Based in Calgary, UBS Commodities Canada Ltd. is now J.P. Morgan Commodities Canada Corporation. The acquisition expands J.P. Morgan’s global commodities business into the Canadian natural gas, power and crude oil physical and financial markets.
J.P. Morgan has also completed its acquisition of UBS AG’s global agricultural business, enabling the investment bank to broaden its client base and risk management capabilities in the agricultural markets.
J.P. Morgan is the investment banking arm of JPMorgan Chase & Co. (NYSE: JPM), 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, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorgan.com.
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.