New hires and structure boost JP Morgan

Copying and distributing are prohibited without permission of the publisher

29 July 2010

JP Morgan has strengthened its global trade practice through an enhanced organisational structure and an impressive list of well-known hires across the globe.

Daniel Cotti at JP Morgan

JP Morgan Treasury Services has today announced that it is strengthening the organisational structure of its global trade practice to better address the industry’s increasing demand for market-leading trade finance and supply chain management solutions. Under the leadership of the global trade executive Daniel Cotti, JP Morgan is expanding the bank’s award-winning global trade organisation, hiring several new senior managers for key positions and adding nearly 100 trade and supply chain professionals to the firm's international team.

The new structure introduces centres of excellence for all trade products in every region of the world; regional trade advisory teams; and solution delivery teams enabling trade sales specialists to devote more time to clients and internal sales partners.

“JP Morgan is positioning itself for unprecedented growth in its global trade business and is committed to being one of the world's leading trade banks,” says...

You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.

Already have an account?

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Free trial

Taking a free trial will give you access to the current issue for two weeks (excluding some surveys and articles). Start your free trial today.

Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.

No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.

23%

No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.

23%

Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.

46%