JPMorgan Treasury Services names Groppi to lead cash management sales in US

Source: JPMorgan Chase

JPMorgan Chase Treasury Services today announced that it has named Steve Groppi to lead the cash management sales effort for Chase's Commercial Bank and Business Banking franchise in the United States.

In this new role, Groppi will work closely with bankers to build new relationships and extend existing relationships as businesses see an ever-growing need for treasury services. He will be based in New York.

"Steve Groppi's experience in cash management and trade finance makes him an ideal choice to help our clients," said Todd Maclin, CEO of Chase Commercial Banking. "His global background provides our U.S.-based clients with hands-on international expertise in payments and trade. His assignment also underscores Chase's commitment to provide our clients across the country with superior advice to meet their financial needs."

Chase provides a full range of banking services - from lending and deposits to payment and investment solutions - to more than 1 million businesses with annual sales of $1 million to $2 billion.

"I look forward to helping our clients handle increased regulation, risk management processes and costs of compliance while continuously improving their business efficiency," Groppi said. "We are confident we show them how to leverage our full spectrum of services to achieve greater success."

Groppi earned recognition among "Who's Who in Treasury and Cash Management," in Global Finance magazine's annual listing, September 2006. Since joining JPMorgan Chase in 1983, Groppi has held a wide variety of business management, sales, marketing, client service and merger integration positions; ex-officio roles include board member of both JPMorgan Germany and the UK; President, MHACH Inc.; President, MHFMS Inc.; and Chairman, BankLink Inc. He has spent the last nine years in Hong Kong and London as the International Regional Executive for the Treasury Services business.

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