J.P. Morgan Chase & Co. (JPM) on Tuesday announced corporate restructuring plans that will establish a significant Wealth Management business operation in Luxembourg and also enhance capabilities in divisions of its Corporate & Investment Bank – Treasury Services and Custody & Fund Services.
Source: www.rttnews.com
On September 11, J.P. Morgan Chase & Co. (JPM) announced corporate restructuring plans that will establish a major Wealth Management business operation in Luxembourg and also boost capabilities in divisions of its Corporate & Investment Bank – Treasury Services and Custody & Fund Services. The Company aims to merge two legal banking entities into one which will permit seamless client support for these specific businesses across the European Economic Area. J.P. Morgan International Bank Limited or JPMIB, a London-based bank authorized and regulated by the Prudential Regulation Authority and Financial Conduct Authority, will be merged with J.P. Morgan Bank Luxembourg S.A. or JPMBL, another member of the JPMorgan Chase & Co. group located in the European Economic Area.
