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JP Morgan opens Bangladesh representative officeOct 07, 2010 (Datamonitor via COMTEX) -- JP Morgan has extended its Asia Pacific footprint with a new representative office in Bangladesh to provide financial institution, or FI, clients with advanced banking services supported by its innovative global solutions. For JP Morgan, which began servicing its FI clients in Bangladesh with a USD demand deposit account for Pubali Bank in 1973, the new operation represents a key step in building the firm's presence in Bangladesh. Aimed at elevating its client offering, the enhanced presence will provide the firm's FI clients with a more integrated approach to developing their operations, said the company. The new operation will be headed by Sazzad Anam, head of financial institutions, Bangladesh, JP Morgan Treasury Services. He has approximately ten years' industry experience, and will be responsible for strategy, client delivery and sales within Bangladesh. Kalpana Morparia, CEO for South Asia and India of JP Morgan, said: "JP Morgan has been working with clients in Bangladesh for almost 40 years, and we look forward to supporting the country's future economic development. Our in-country executives bring to the table significant experience within the Bangladesh market, and they possess a strong understanding of our clients' requirements on a day-to-day basis." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon |