J.P. Morgan opens Bangladesh representative office

In an effort to offer more cash management, trade and liquidity products to financial institution clients, J.P. Morgan opens a representative office in Bangladesh.

J.P. Morgan announced yesterday that it is opening a Bangladesh representative office to provide financial institution clients with enhanced banking services.

For J.P. Morgan, which first began servicing its financial institution clients in Bangladesh with a US dollar demand deposit account for Pubali Bank in 1973, the new operation represents a key step in building the firm’s presence in Bangladesh. The office will provide greater access to its array of cash management, trade and liquidity products and services, with a focus on cross-border payments and trade finance.

The new operation will be headed by Sazzad Anam, head of financial institutions, Bangladesh, J.P. Morgan Treasury Services. Anam, who has approximately 10 years of industry...

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