JP Morgan has expanded its escrow services in Asia Pacific by launching its capabilities in South Korea. JP Morgan’s escrow services help clients mitigate risk associated with a range of critical business transactions such as mergers and acquisitions, initial public offerings, import and export payments, collateral trusts for reinsurance and construction project funding.
Acting as an independent third party, JP Morgan holds assets in escrow and disburses them, when a performance or commitment is delivered upon. The service also includes document preparation, which can be customised to meet the specific needs of a transaction. JP Morgan already offers escrow services in Australia, Brazil, China, Hong Kong, India, Singapore, the UK and US.
Rocky Motwani, global executive of escrow and bankruptcy services at JP Morgan Treasury Services, said: “JP Morgan’s escrow services have been very well received in the Asia Pacific region. We remain focused on serving the evolving needs of our clients and helping them close their transactions quickly, accurately and securely through the use of escrow accounts.”
Linda McLaughlin-Moore, managing director and product and delivery executive of Asia Pacific at JP Morgan Treasury Services said: “Being able to offer escrow services to our clients in South Korea helps us strengthen our in-country treasury management offering. Our clients value the depth and breadth of our services and our ongoing investments in the region. We will continue to build on our integrated service model by investing in our business and by growing with our clients.”
