JPMorgan
JPMorgan is one of the key liquidity providers to the global derivatives market. The bank’s enviable reputation and success stem from the combination of client franchise and a strong product platform. The ability to distribute products in a consistent way to a global client base, coupled with continuous innovation and superior risk-taking ability were important attributes noted by the judges. JPMorgan stands out for its ability to deliver added value to clients across a wide spectrum of requirements and to address industry-wide or client-specific issues. For example, the firm’s asset and liability management team has developed tools such as its CALM (Corporate-wide Asset Liability Management) model, which enables corporates to understand the risk of pension assets and liabilities and suggests ways for firms to hedge such things as interest rate risk in future liabilities. This sort of innovation was key to the judges’ decision. “JPMorgan has the ability to trade, distribute and process a huge volume of transactions ranging from the simple to the highly complex; across a variety of markets and to a vast number of clients globally. As important, the firm is a constant innovator in this market. All these factors add to JPMorgan’s leadership, success and dominance in the market globally,” says Manish Mahajan, European head of interest rate derivative marketing for financial institutions.
