Former Bank of New York trade head joins JPMorgan


JPMorgan Treasury Services (TS), a unit of JPMorgan Chase Bank and a leader in global payment, trade and treasury services management, automated cash and treasury management solutions, announced today the appointment of Jeremy Shaw to head its Trade Services team in the EMEA region.

Based in London, Shaw will be responsible for the delivery and development of JPMorgan's trade services, trade finance, payables discounting and value chain management businesses for EMEA. The team is also extending its offering to incorporate more elements of the financial supply chain - such as logistics. This will enable corporations to benefit from the considerable cost reductions afforded by increased efficiency in document clearance through customs, and the integration of their logistics and financial services needs.

Shaw joins JPMorgan from Bank of New York where he was Regional Trade Head for EMEA.

Shaw comments, "For me this move is about the opportunity to join a firm that is committed to making the most of the opportunities that trade provides. The reality is that corporations can make more from trade and I feel that JPMorgan has the vision, experience, technology and commitment to provide the best services. It is a prime time to make service improvements that will really help our clients. This is a real opportunity to make a difference to the global trade services available on the market."

Bruce Proctor, Global Head of Trade Services, JPMorgan Treasury Services, comments, "Jeremy brings considerable experience within the trade sector, which will be invaluable as we expand our global trade finance business. Having recently allied with Vastera to provide integrated logistics management, we are able to offer an end-to-end value chain management solution for importers and exporters. JPMorgan is committed to continued innovation in this space and is investing a significant amount in new technology to complement our existing suite of automated trade products."

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