JP Morgan Treasury Services Opens Office in Bangladesh
JP Morgan Treasury Services is extending its Asia-Pacific footprint with a new flagship Bangladesh representative office to provide financial institution (FI) clients with enhanced banking services backed by the firm’s suite of global solutions.
For JP Morgan, which first began servicing its FI clients in Bangladesh with a US dollar demand deposit account for Pubali Bank in 1973, the new operation represents a step in building the firm’s presence in Bangladesh. Aimed at elevating its client offering, the enhanced presence will provide the firm’s FI clients with a more integrated approach to developing their operations. Experienced local executives, backed by JP Morgan’s global teams, will provide greater access to the firm’s array of cash management, trade and liquidity products and services, with a focus on cross-border payments and trade finance.
The new operation will be headed by Sazzad Anam, head of FIs, Bangladesh, JP Morgan Treasury Services. Anam, who has approximately 10 years’ industry experience, will be responsible for strategy, client delivery and sales within Bangladesh.