Global giant J.P. Morgan opens representative office in Sri Lanka
Wednesday, 29 April 2015 02:20
J.P. Morgan has announced that it has obtained approval from the Central Bank of Sri Lanka to open a representative office in the country. It enables the bank to provide its financial institution (FI) clients in Sri Lanka with enhanced banking services backed by its global solutions.
J.P. Morgan first began servicing its clients in Sri Lanka with a correspondent banking relationship with the Central Bank of Sri Lanka in 1985. The new operation represents a key step in building the firm’s presence in Sri Lanka.
Aimed at enhancing its client offering, the representative office will offer the firm’s FI clients a more integrated approach to support their operations by providing greater access to the bank’s array of cash management, trade and liquidity products and services, with a focus on cross-border payments and trade finance.
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management.
A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.