JPMorgan Asia Pacific Launches US$750 Million Expansion Into Private Equity

Hong Kong (ots/PRNewswire) - JPMorgan Asia Pacific
("JPMorgan") today announced a major expansion into private equity
investment, as part of its regional growth strategy. The firm is
committing an initial US$750 million to mid-market private equity
investment opportunities in Asia Pacific.

The expansion will be headed by Mr. Varun Bery and Mr. John Troy,
co-founders of TVG Capital Partners. Mr. Bery and Mr. Troy will join
JPMorgan as Managing Directors where they will lead a team with a
broad investment mandate, including consumer, retail, industrial,
healthcare, TMT and natural resources industries, focused on
non-controlling investments.

Private equity investments will give JPMorgan the opportunity to
strengthen its relationship with existing corporate and financial
sponsor clients by offering the ability to co-invest with them and
provide growth capital. The business will benefit from JPMorgan's
global investment banking platform, sector expertise and research
capabilities. The team will be the Asian arm of JPMorgan's Private
Equity Principal Investments business, which is headed by Mr. Bob
Case in New York.

Mr. Gaby Abdelnour, the Chairman and Chief Executive Officer of
JPMorgan Asia Pacific said the expansion would strengthen the firm's
ability to capture investment opportunities in the region and build
on existing client relationships. "This investment is part of our
intensified growth strategy in Asia Pacific. It offers JPMorgan huge
potential in the private equity market by allowing us to rapidly
accelerate expansion and seize growth opportunities."

Mr. Abdelnour added: "I'm pleased that Varun and John are joining
JPMorgan in this exciting expansion. The combination of their
knowledge and experience of Asia Pacific markets and JPMorgan's
regional and global financial services platform will ensure rapid
expansion of our private equity business."

Commenting on the move to JPMorgan Mr. Bery said: "We see a big
opportunity to enhance JPMorgan's private equity base in the region.
There is significant potential to invest in our target sectors and
geographies and we are looking forward to taking advantage of
JPMorgan's strength to capitalize on it." Mr. Troy added: "JPMorgan
offers broad and deep reach across the region, global knowledge and
excellent execution capabilities."

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial
services firm with assets of US$1.6 trillion and operations in more
than 60 countries. The firm is a leader in investment banking,
financial services for consumers, small business and commercial
banking, financial transaction processing, asset management, and
private equity. A component of the Dow Jones Industrial Average,
JPMorgan Chase serves millions of consumers in the United States and
many of the world's most prominent corporate, institutional and
government clients under its JPMorgan and Chase brands. In Asia
Pacific, the firm is based in Hong Kong and operates in 14 countries
and has 25 offices. Information about the firm is available at
http://www.jpmorganchase.com.

Press Contacts:
Ray Bashford,
Head of Corporate Communications, JPMorgan Asia Pacific,
Tel: +852-2800-1310 (office),
+852-9318-3711 (mobile),
Ray.b.bashford@jpmorgan.com;
Marie Cheung,
Corporate Communications, JPMorgan Asia Pacific,
Tel: +852-2800-1303 (office),
+852-9750-5170 (mobile),
Marie.w.cheung@jpmorgan.com.

ots Originaltext: JPMorgan Asia Pacific
Im Internet recherchierbar: http://www.presseportal.de

Contact:
Press Contacts: Ray Bashford, Head of Corporate Communications,
JPMorgan Asia Pacific, Tel: +852-2800-1310 (office), +852-9318-3711
(mobile), Ray.b.bashford@jpmorgan.com; Marie Cheung, Corporate
Communications, JPMorgan Asia Pacific, Tel: +852-2800-1303 (office),
+852-9750-5170 (mobile), Marie.w.cheung@jpmorgan.com.


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