JPMorgan announces DuPont cash mandate

The bank will help the US company to manage liquidity across the region.

Several months after winning the tender for the business, JPMorgan's treasury division has gone public with its cash management mandate with DuPont. The multi-year services contract covers 14 countries in Asia.

JPMorgan won the tender in a competitive bid and will provide a range of cash services to DuPont. The deal illustrates a continuing trend for large companies to consolidate their regional cash relationships.

In making our decision, we paid particular attention to the service provider's ability to integrate the banking platform with our ERP systems, says Tan Aik Na, manager of DuPont's regional treasury centre in Singapore. We also assessed the...

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