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Uralsib Securities selects JPMorgan for Euronext clearing

03 December 2007  |  2085 views  |  0 Source: JPMorgan Worldwide Securities Services

JPMorgan Worldwide Securities Services today announced that its GlobeClear business has been appointed to provide securities clearing and settlement for URALSIB Securities Ltd ("URALSIB Securities") in connection with their recent admission as member firm of Euronext.

URALSIB Securities, the London-based brokerage arm of Russian bank URALSIB Financial Group became the first firm with a Commonwealth of Independent States (CIS) region-based parent to be admitted to Euronext last month.

Alex Dockx, GlobeClear product executive at JPMorgan Worldwide Securities Services, said: "We have been working closely with URALSIB Securities for a number of years in supporting their international equity trading activity. With the addition of the Euronext markets, URALSIB and JPMorgan look forward to extending this relationship even further."

John Lewin, CEO of URALSIB Securities, said: "This gives our clients direct access to the Paris Bourse, Brussels Bourse, Amsterdam Stock Exchange and Lisbon Stock Exchange and underlines our strategy to be responsive to the demands of our clients with innovative solutions. JPMorgan is an ideal partner to help us provide the best possible service to our clients."

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