September 2008

CUSTODY 2008: JPMChase Directory

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J.P. Morgan Chase & Co.
125 London Wall, London EC2Y 5AJ, UK
Tel: +44 (0)20 7777 2000

Country of origin: USA
Operating in Europe: 29 years

Senior executives:
Conrad Kozak (New York)   Managing Director, Global Head of Investor Services.
Francis Jackson (London)   Managing Director, EMEA Business Development Executive.
Oliver Berger (Frankfurt)   Managing Director for Investor Services Germany, Austria, Switzerland
Rajen Shah (London)   Managing Director, Custody Product Executive.

Business Split: Custody represents 9.8% (year ending 2007) of wider organisation revenues
Parent’s other main business lines:
                       Investment Bank
                       Retail Finanical Services
                       Card Services
                       Commercial Banking
                       Treasury & Securities Services
                       Asset & Wealth Management

European subcustody arrangements:
AUT    Bank Austria Creditanstalt AG
BEL    Fortis Bank (Nederland) N.V.
BUL    ING Bank N.V. 
CRO   Privredna banka Zagreb d.d.
CYP    Marfin Popular Bank Public Company Ltd.
CZE    UniCredit Bank Czech Republic a.s.
DEN   Danske Bank A/S 
EST    Hansabank
FIN      Skandinaviska Enskilda Banken AB (publ)
FRA    BNP Paribas Securities Services S.A. &
            Societe Generale
GER   Deutsche Bank AG  & J.P. Morgan AG
GRE   HSBC Bank plc
HUN   Deutsche Bank Zrt.
ISL      Glitnir banki hf.
IRL      Bank of Ireland
ITA      Intesa Sanpaolo S.p.A. 
LAT     Hansabanka
LTU    AB SEB Bankas 
LUX    Fortis Banque Luxembourg S.A.
NED   KAS Bank N.V.
POL    Bank Handlowy w. Warszawie S.A.
POR   Banco Espirito Santo, S.A
ROM   ING Bank N.V.
SVK    UniCredit Bank Slovakia a.s.
SLO    UniCredit Banka Slovenija d.d.
SPA    Santander Investment, S.A. 
SWE   Skandinaviska Enskilda Banken AB (publ)
UK      JPMorgan Chase Bank, N.A. and Deutsche Bank AG

Domestic markets that are strategically important in the near future

Services offered in addition to Custody
                       Securities lending
                       Equity finance
                       Cash management
                       Collateral management
                       Prime brokerage
                       Tax reclamation
                       Commission recapture
                       Performance attribution
                       Proxy voting
                       Compliance monitoring
                       Fund admin services
                       Transfer agency
                       Distribution support
                       Transition management
                       Others: hedge fund services, private equity
                        and property administration services, risk
                        measurement, OTC derivative independent
                        valuation; Custody Connect; FX; trade
                        execution; derivative collateral management;
                        escrow services; passive currency overlay;
                        clearing; a full range of investment banking
                        and asset management services.

Products/services showing the greatest increase in demand in past twelve months:
                       Hedge Fund Services
                       130-30 Funds / Long – Short strategies
                       Independent Derivatives Valuation
                       Trade Execution
                       Transfer Agency
                       Fund Administration

Products and services for development over the next twelve months:
                       Transfer agency: Enhance operating model and increase product functionality
                       JPMorgan ACCESS, Views Portfolio Reporting.
                       Selectively extend our local processing capabilities in key European, Middle East,
                        Africa and Asian markets.

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