The appointments of Latiff and Wong will further strengthen J.P. Morgan’s Southeast Asia capabilities, a region which is continuing to emerge as an operational hub for large global multinational corporations (MNCs) expanding their presence in the region and for large domestic companies in Asia seeking to tap new markets to leverage the region’s growth prospects.

As Head of Treasury Services, ASEAN, Latiff will be responsible for enhancing J.P. Morgan’s end-to-end client service experience, supporting regional and domestic product and sales initiatives and guiding the firm’s broader growth strategy across a number of markets, namely Singapore, Malaysia, Philippines, Indonesia, Thailand, Vietnam and Pakistan. Reporting to Tom DuCharme, Chief Executive Officer, Asia Pacific for J.P. Morgan Treasury & Securities Services, Latiff will also support the continued build out of the firm’s Global Corporate Bank (“GCB”). An industry veteran with more than 17 years’ experience, Latiff has spent the last seven years at J.P. Morgan in a variety of corporate and financial institution segment roles across product and sales functions. He will be based in Singapore.

In Wong’s capacity as Head of Treasury Services, Malaysia, an important growth market for J.P. Morgan’s clients, she will oversee the development of J.P. Morgan Chase Bank Berhad’s operations. Reporting to Latiff, she brings more than 15 years’ experience to the role.  Most recently with Citi Malaysia, Wong has worked across a wide range of transaction banking functions, including cash management, treasury and trade solutions and credit analysis, in addition to a number of sales, product and relationship management roles.

In Australia, Schiavon will be responsible for leading the firm’s business across Australia and New Zealand as Head of Treasury Services. Reporting to DuCharme, she will also work closely with the GCB, Investment Bank and Worldwide Securities Services to further leverage the strong relationships the firm holds with corporates, banks and non-bank financial institutions. She joins from Citi Australia where she held a number of senior roles across finance, operations, technology, implementation and client services.

“These appointments mark an important phase in J.P. Morgan’s aggressive international growth agenda. By further aligning our global and regional capabilities with a more sharply focused domestic market presence across Asia Pacific, we can enhance the range of services we offer to our cross-border clients as they continue to identify growth opportunities and execute their expansion plans,” said DuCharme. 

Earlier this year, J.P. Morgan announced several new TS roles in Asia Pacific. At a regional level, Margaret Yao was named Regional Sales Executive, TS; Hendra Lembong Head of Cash Management, TS, covering core cash and liquidity management, and Adrian Godfrey as Head of Client Service, TS, in addition to a number of country level appointments in Thailand, Vietnam, Hong Kong and Taiwan.

The new regional management team reflects J.P. Morgan’s ongoing commitment to building a leading client service operation that leverages a strong in-country offering with the firm’s global solutions and network. This year, J.P. Morgan Treasury & Securities Services, which comprises both the TS and Worldwide Securities Services businesses, has grown its headcount by approximately 350 financial professionals across Asia Pacific, as it continues to enhance its range of market leading products and elevate its client servicing capabilities.

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J.P. Morgan Treasury & Securities Services has today announced it has completed the successful migration of direct and master custody clients from ANZ Custodian Services. ANZ Custodian Services was acquired by J.P. Morgan in November 2009.

Completed on time, within one year of the acquisition, this migration has increased the assets held under custody by J.P. Morgan in Australia & New Zealand more than 20 per cent. With more than 150 ANZ Custodian Services staff in Melbourne and Wellington accepting roles with J.P. Morgan, the firm’s footprint has been dramatically increased in these two key financial services hubs.

Jane Perry, CEO of J.P. Morgan Treasury & Securities Services, Australia and New Zealand, said the strategic acquisition of the ANZ Custodian Services business builds on J.P. Morgan’s service offering as the only local firm to provide the full range of global, domestic, direct custody and fund administration services to local and international institutions and fund managers.

“As custody continues to move towards a scale-driven business model, we will continue to ensure that our clients benefit from our integrated solutions, our global platform, and our deep local expertise in the local market. We remain committed to enhancing our on-ground coverage in key Australasian financial centers such as Sydney, Melbourne and Wellington, and further broadening the wide range of innovative solutions available to our clients,” said Perry.

The completion of the ANZ project follows J.P. Morgan’s recent announcement of the expansion of its direct custody and clearing capabilities globally, with the first phase build-out of the offering covering Australia and New Zealand, Taiwan and India in Asia Pacific, along with the United States, United Kingdom and Russia. The firm already offers a globally integrated custody and clearance service backed by a unified technology platform to institutional investors in more than 100 markets.

“Direct custody is a natural extension of our existing business and is part of J.P. Morgan’s expansion plans globally. A direct custody service enables us to meet the needs of clients with cross-border investments in Australia and New Zealand, and to add new clients seeking local custody and clearing services and grow these relationships globally,” she added.

“The migration of ANZ’s Custodian Services clients, combined with our enhanced direct custody network, mark a milestone for the Treasury & Securities Services business in Australia & New Zealand. We are excited about the future opportunities in the direct custody and administration space and we look forward to better servicing the needs of our existing and future clients.”

The provision of direct custody in Australia & New Zealand is part of the Asia Pacific growth plan for the Treasury & Securities Services business, with the firm expanding its local on-ground presence, enhancing its range of market leading products and elevating its client servicing capabilities year-to-date, J.P. Morgan Treasury & Securities Services has hired an additional 500 financial professionals in Asia Pacific to broaden its regional coverage and further develop its partnership with clients. J.P. Morgan Treasury & Securities Services provides solutions to corporate and institutional clients across the region.

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