J.P. Morgan has announced new leadership positions in its Treasury and Securities Services (TSS) business, as the global provider of cash management, trade finance, custody, fund administration and liquidity solutions enhances its executive team to best serve the evolving needs of clients.
Donald McCree has been appointed CEO of J.P. Morgan Treasury Services. McCree, based in New York, has an outstanding track record of leadership and risk management, most recently serving as an Executive Vice President in JPMorgan Chase's Finance group, focusing on Treasury, Corporate Finance and Corporate M&A. Prior to that he was head of the Investment Bank's Global Credit business, and over his career he held a number of other senior positions across JPMorgan Chase's Investment Banking and Risk groups, both in the United States and in London.
"With more than 25 years of service at JPMorgan Chase, Don brings extensive knowledge of the marketplace, an unparalleled understanding and commitment to the evolving needs of the bank's clients, and steady leadership that will result in Treasury Services' continued global growth and market dominance," said Michael Cavanagh, Chief Executive Officer, J.P. Morgan Treasury & Securities Services.
Separately, Claudia Slacik has been appointed CEO of TSS in Europe, Middle East and Africa, and, as previously announced, Tom DuCharme is now CEO of TSS in the Asia Pacific region.
Given TSS's significant international presence and growth agenda, the regional CEOs will help drive expansion in Asia Pacific and EMEA, and will execute J.P. Morgan's international growth plans in conjunction with the firm's Global Corporate Bank.
Slacik, who is based in London, most recently was Chief Financial Officer of TSS. Her career has spanned 30 years in the financial services industry, and she has a breadth of finance, strategy, risk and management experience. Before joining J.P. Morgan in 2009, Slacik served in a number of positions in her 16 years at Citigroup, most recently as Global Head of Client Strategy for Citi's $10 billion Global Transaction Services Group, prior to which she was Citi's Global Head of Trade Services and Finance.
DuCharme is based in Singapore and has more than 20 years of financial services experience, with a strong track record in the Asia Pacific region. He joined J.P. Morgan from Deutsche Bank, where for the last five years he was the Head of Global Transaction Banking Asia Pacific. Prior to this, he spent 15 years at Citi, also in transaction banking.
Mike Cavanagh said: "Claudia and Tom provide day-to-day leadership across our business activities in their regions in a way that can only be done with senior, empowered executives on the ground. In addition, these leaders also ensure TSS capitalizes on the competitive benefits TSS enjoys from being part of J.P. Morgan."
About J.P. Morgan Treasury Services
J.P. Morgan's Treasury Services business is a full-service provider of innovative cash management, trade, liquidity, commercial card and escrow services -- specifically developed to meet the challenges treasury professionals face today. More than 135,000 corporations, financial institutions, governments and municipalities in over 180 countries and territories entrust their business to J.P. Morgan. J.P. Morgan Treasury Services is one of the world's largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts.