J.P. Morgan first foreign agent lender to execute in Brazil
27 May 2011 New York
Image: Shutterstock
J.P. Morgan Worldwide 网爆吃瓜 Services has successfully executed and settled a securities lending transaction in the Brazilian market. In doing so, J.P. Morgan is the first non-domestic agent lender to complete a loan transaction in Brazil.
J.P. Morgan has conducted business in Latin America for over 100 years. J.P. Morgan鈥檚 securities lending business also has a track record in emerging markets - the bank was the first agent lender to settle a non-domestic securities lending transaction in Korea and is the largest lender within many emerging markets, including Taiwan.
鈥淎s Brazil is a complex market, we have been involved in due diligence for quite some time and we are very pleased to now be able to enter such an exciting market,鈥� said Judy Polzer, global head of securities lending product at J.P. Morgan. 鈥淭his development underscores our commitment to offering global access to our client base and to building upon our history as a leader in emerging markets.鈥�
Ricardo Nascimento, head of WSS business for Brazil, added 鈥淭he ability to offer securities lending services in the Brazilian market is part of our strategy to offer our global and Brazilian clients a broad range of local services to support their investment strategies.鈥�
J.P. Morgan has conducted business in Latin America for over 100 years. J.P. Morgan鈥檚 securities lending business also has a track record in emerging markets - the bank was the first agent lender to settle a non-domestic securities lending transaction in Korea and is the largest lender within many emerging markets, including Taiwan.
鈥淎s Brazil is a complex market, we have been involved in due diligence for quite some time and we are very pleased to now be able to enter such an exciting market,鈥� said Judy Polzer, global head of securities lending product at J.P. Morgan. 鈥淭his development underscores our commitment to offering global access to our client base and to building upon our history as a leader in emerging markets.鈥�
Ricardo Nascimento, head of WSS business for Brazil, added 鈥淭he ability to offer securities lending services in the Brazilian market is part of our strategy to offer our global and Brazilian clients a broad range of local services to support their investment strategies.鈥�
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