WEALTH MANAGEMENT | Tony Chua, Malaysia

JPMorgan strengthens its Malaysia commercial bank

Expansion includes integration of its in-country treasury management service as part of $1 billion global investment.

JPMorgan Chase & Co. announced its plans to grow its commercial bank in Malaysia in 2010 and boost the number of employees heading its treasury services operations within a time period of three years.

In addition, the bank said in its statement to have concluded with the integration of its in-country treasury management services and core infrastructure in line with the US$1 billion global investment announced in 2008.

"We look forward to further growing our commercial bank in 2010," Clement Chew, the senior country officer in Malaysia said in a statement.

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