J.P. Morgan announced the appointment of Hans Janssens as the Head of Treasury & Securities Services (TSS) in Japan, effective November 1, 2010.
Janssens, who most recently spent four years as Chief Financial Officer for J.P. Morgan in Japan, will be responsible for the financial performance of TSS Japan, running the day-to-day operations of the Treasury Services (TS) franchise while overseeing the Worldwide Securities Services (WSS) business, which will continue to be headed by Fumihiko Yonezawa, Head of WSS Japan.
Prior to his role as CFO, Janssens worked as an interest rates derivatives trader, and later took on risk control positions in the investment bank followed by the role of Deputy Chief Executive Officer of a joint venture operation between J.P. Morgan and a Japanese insurance company. Having worked in Japan for more than 20 years and for J.P. Morgan for more than 16 years, Janssens has unparalleled insights and expertise in the Japanese market, the financial industry and the TS and WSS businesses.
In announcing the appointment, Thomas DuCharme, TSS CEO Asia Pacific, commented: “I am delighted to have Hans join our Asia Pacific team. The TSS Japan franchise is a core component of our regional footprint, and it is a market that continues to demonstrate strong growth potential. With Hans at the helm, I am confident that we will continue to grow our business by leveraging the reach of our global platform with the depth of our local market expertise, as we continue to deliver seamless and integrated client-focused solutions.”
Christopher Harvey, Senior Country Officer for J.P. Morgan’s operations in Japan, said: “We see opportunities for J.P. Morgan in Japan as one of the leading foreign financial institutions in the country. Under the leadership of Hans, J.P. Morgan will strive to further enhance its business and client franchise in Japan, capitalizing on our global connectivity and client-focused culture.”
The appointment is part of J.P. Morgan’s aggressive Asia Pacific growth plan for the TSS business, with the firm expanding its local on-ground presence, enhancing its range of market leading products and elevating its client servicing capabilities Year-to-date, J.P. Morgan TSS has hired an additional 500 financial professionals in Asia Pacific to broaden its regional coverage and further develop its partnership with clients. J.P. Morgan TSS provides solutions to corporate and institutional clients across the region.
D.C.