J.P. Morgan Announces Executive Appointments for Treasury & Securities Services Business

J.P. Morgan announced at Sibos 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 expands its executive team.

Donald McCree has been appointed CEO of J.P. Morgan Treasury Services. McCree, based in New York, most recently served 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 U.S. and in London.

Separately, Claudia Slacik has been appointed CEO of TSS in Europe, Middle East and Africa, and Tom DuCharme is now CEO of TSS in the Asia Pacific region. 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, according to the institution.

Slacik, who is based in London, most recently was CFO 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 past 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.

TSS also announced the appointment of Dan Taylor as Executive Director within its Global Market Infrastructure team, which oversees transaction industry issues, market infrastructures and agent banks for J.P. Morgan in nearly 100 countries. Taylor will focus primarily on global trade and related industry associations, analyzing market trends and engaging in dialogue across the trade community. He also will support other TSS businesses as a member of the Industry Issues team, bringing insight and expertise to a wide range of topics, including customer privacy and anti-money laundering/Know Your Customer compliance.

Since 1996, Taylor has served as Vice Chairman of the International Chamber of Commerce's Commission on Banking Techniques and Practice. He also served as President and Chief Operating Officer of BAFT-IFSA, the organization formed by the merger of the Bankers' Association of Finance and Trade and the International Financial Services Association. He led IFSA for 20 years until the merger earlier this year. Before the IFSA appointment, Taylor worked 14 years in international banking in operations, correspondent banking and private banking.

"As J.P. Morgan continues to build leadership in the global trade arena, Dan's appointment is another milestone in the expansion of our team," said Daniel Cotti, Global Trade Executive, J.P. Morgan Treasury Services. "We will seek Dan's insight and perspective as we develop new products and address ongoing technical, regulatory and compliance issues."

J.P. Morgan's Industry Issues team was established six years ago to deepen the firm's engagement with public policy authorities, industry associations and other banks on the future of the transactions business. The team supports all TSS businesses globally.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio