When J.P. Morgan opened their first office in the Philippines in 1961, they may not have known how big they would grow. From that first representation office, JP Morgan Philippines has expanded into a fully functional banking system. Their Global Service Centre, located in Manila, offers support to the multiple branches around the country and also provides international support to bank customers around the world. The Global Service Centre is considered to be one of JP Morgan’s Asian flagships. The company offers research and trading services, equity sales, treasury and security services and investment banking services. The main Manila branch holds both a commercial banking license and a derivatives license and its securities company even has a seat on the Philippine Stock Exchange.
J.P. Morgan offers Filipino customers a number of banking services. As an investment bank, they give customers access to a wide range of investment opportunities in the form of capital markets and prime brokerage. They have a team of experts who offer financial advice and risk management services to investors who are just starting out or who feel that they need guidance. They are also one of the top traders of equity and government securities, foreign exchange, fixed income and derivatives.
J.P. Morgan offers world class treasury services to Filipino nationals as well as businesses based in the Philippines. Cash management, withdrawal, cheque services, payments, receipts and transfers are all part of their treasury services. Many of their services, such as transfers and payments, can be done at both a local and an international level.
J.P. Morgan‘s securities services are available to help customers keep their finances as safe and secure as possible. Combing physical security options such as safe keeps and safety deposit boxes with financial security options such as risk mitigation and portfolio security for investors, J.P. Morgan is considered to be a world leader in security.
While JP Morgan Philippines has been providing local service since 1961, their Global Service Centre, opened in 2005, is considered to be one of their most ambitious projects. The Centre provides support to all of the banks international lines of business, keeping in close contact with their American retail and wholesale branches and providing global services to both national and international customers.