J.P. Morgan adds hires in Asia Pacific 04 August 2011Sydney Reporter: Anna Reitman
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J.P. Morgan has announced new appointments to its financing and market products (FMP) group in Asia Pacific.
Stewart Cowan is the new head FMP in Australia, New Zealand and Japan but will continue to lead the securities lending operation.
Cowan’s expanded role now includes oversight of J.P. Morgan's clearance and collateral management, transition management and foreign exchange solutions, building on his 20 years of experience, the last 10 of which have been with the firm in a variety of securities servicing roles.
Jane Perry, CEO of J.P. Morgan Treasury and Securities Services said: "In a sophisticated domestic market which relies heavily on financing and market products to manage risk, reduce cost and generate returns, Stewart will be instrumental in further enhancing our local and Asia Pacific clients’ businesses while at the same time driving J.P. Morgan’s success across these key markets.”
The bank is emphasising potential for growth in Japan, where it sees a marked shift towards FMP solutions, especially for collateral management and securities lending services.
Additionally, Michael Wynn will join the Australian transition management sales desk. Wynn's most recent role at J.P. Morgan was on the passive currency overlay execution desk based in the UK.
“We are lucky to have someone with Michael’s expertise return to Australia to service our clients’ needs. With a proven track record across different areas of the business, he will be a valuable addition to the team,” Perry said.
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