Bangkok--Oct 15--Ogilvy Public Relations
Prowess In Complex Financial Transactions Such As Overture And Aria Garner JPMorgan Best Deal Of The Year Award
JPMorgan today announced that it won two key awards given out by respected financial industry magazine, AsiaRisk.
JPMorgan was named Derivatives House of the Year for 2004, while also having beaten rivals to clinch the Deal of the Year award.
AsiaRisk’s October issue reported that Asia's retail investors have been pouring vast amounts of money into structuring increasingly complex
products incorporating elements of equity, credit, interest rate and/or
forex derivatives over the last year in an attempt to better returns on
deposit rates. The publication announced that JPMorgan had identified this
investor segment as being one of its major strategic initiatives for this
year.
"This ability to leverage off its cross-asset structuring and risk management capabilities to expand its penetration in the retail and
high-net-worth market - helped in large part by the pioneering integration of its equity derivatives and credit & rates structuring teams earlier this
year - is a key reason for JP Morgan receiving this year's House of the
Year award," said Nick Sawyer, Editor of AsiaRisk. He added: “Central to
this strategy has been the formation of a new third-party distribution
group, a team dedicated to providing cross-asset structured products to
those financial intermediaries serving Asia's high-net-worth and retail
investors.”
AsiaRisk also applauded JPMorgan’s Asset Liability Management (ALM) approach towards banks and insurance companies. As part of its ALM
approach, JPMorgan first examines market and regulatory constraints,
defines objectives of the analysis, and ultimately sets a tactical
optimisation benchmark for the bank or insurance company to follow.
JPMorgan also garnered recognition for two firsts - the first globally syndicated managed synthetic collateralised debt obligation (CDO), Overture, and its follow-up transaction, ARIA, which took the concept one step further with its flexible, single-tranche structure. The respective
Overture and Aria transactions were enough to win JPMorgan the pivotal Deal
of the Year award. AsiaRisk remarked that just on size alone, Overture
stood out as one of the year's most interesting transactions - a $3.5
billion-equivalent deal denominated in both US dollars and Euros.
"Throw in the dynamic trading strategy employed by the portfolio manager, AXA Investment Managers, and the fact that the deal used a group of seven regional bookrunners to maximise client penetration - the first time a
syndicate structure has been used in a synthetic CDO - and Overture is a
clear choice for Deal of the Year," said Sawyer.
"JPMorgan is very pleased to have won these awards from AsiaRisk and to have received recognition for our efforts to be innovative in the products we offer and thoughtful in how we serve our clients. The awards serve to highlight our continuing commitment to the Asia Pacific region and our ongoing efforts to provide solutions that meet the unique requirements of
our client base," said Bart Broadman, Vice-Chairman and Head of Markets for
JPMorgan in Asia Pacific.
“For Thailand, JPMorgan has also been very active in bringing various derivative products and structured solutions to meet with local client requirements. Most recently, JPMorgan Thailand has worked with one of the leading funds in Thailand to develop an investment product which provides
investors with principal protection and minimum yield guarantees while the
overall return is linked to various indices which have yielded higher
returns than other available investments in Thailand,” said Vorapak
Tanyawong, Senior Country Officer for JPMorgan Thailand.
JPMorgan Chase & Co. is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm
is a leader in investment banking, financial services for consumers and
businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase has its corporate headquarters in New York and its U.S. retail financial services and commercial banking headquarters in Chicago.
Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the Internet at www.jpmorganchase.com.
JPMorgan
8 Connaught Road, Central
Hong Kong
NYSE symbol: JPM
www.jpmorganchase.com End.
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