Russia

J.P. Morgan has established one of the premier investment banking franchises in Russia. The firm's leadership in Russia dates back to the 1920s, when Chase National Bank was the correspondent for the State Bank of the Soviet Union. In 1964, Chase Manhattan Chairman David Rockefeller visited Moscow and met with Nikita Krushchev. Rockefeller visited several times in the 1970s and met with ministers of finance and foreign trade. In 1973, Chase opened a representative office in Moscow, the first American bank to have a presence there since the 1920s. 

By the 1990s, the firm's presence in Russia had expanded. Chase opened an office in 1993 and received a full banking license from the Central Bank of Russia. The following year, Securities Services opened a local custodian office solely for global clients. That year also marked the start of corporate banking activity for local and international clients and the start of FX and money market activity. Bond trading and brokerage activity, as well as the trading of Treasury bills and Treasury notes, began the following year, while equities trading began four years later. 

Our businesses in the region include the Investment Bank and Treasury & Securities Services.   

Investment Bank

  • Corporate Finance: advisory, equity underwriting (high yield and high grade, loan syndications, structured products), debt underwriting
  • Global Emerging Markets Trading: Rates — spot, forward, non-deliverable forwards, single currency and cross-currency swaps; government and corporate bonds
  • Global Emerging Markets Derivatives Marketing: derivatives and cash products for qualified investors
  • Cash Equities: commission management, portfolio management
  • Equity Research  
  • Learn more about the Investment Bank.

Treasury & Securities Services

  • Treasury Services:
    • Global Treasury Services for top financial institutions, non-bank financial institutions and corporates: core cash products (USD, EURO, and multicurrency clearing services), liquidity management solutions, trade services, escrow services 
    • In-Country Treasury Services: local cash accounts, payments in local and foreign currencies, currency control, documentary operations
    • Learn more about Treasury Services. 
  • Worldwide Securities Services (WSS): 
    • GlobeClear: J.P. Morgan is a leading provider of clearance services to top non-bank financial institutions.
    • Global Custody: J.P. Morgan provides custody services to a select group of sophisticated institutional investors.
    • Depositary Receipts: J.P. Morgan is a leading provider of depositary receipt services to corporate issuers and their investors.
    • Securities clearing
    • Learn more about Securities Services.

Senior Officer:

  • Jeffrey Costello, CEO

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