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tdp2664 E money daily J.P. Morgan Chase & Co. (NYSE:JPM) has eyed expanding Asia Pacific markets for its sub-custody launch. J.P. Morgan Chase & Co. (NYSE:JPM) Looking East For Launch Reports say that J.P. Morgan Chase & Co. (NYSE:JPM) is planning to open a sub-custody operation in Hong Kong and hopes to launch in other Asia Pacific markets including Malaysia. This move is a part of J.P. Morgan Chase & Co. (NYSE:JPM)'s global expansion plan. Mark Kelley, CEO of J.P. Morgan Worldwide Securities Services (WSS) in Australia and New Zealand, said that, "One of the intents of J.P. Morgan Chase & Co. (NYSE:JPM) will be to continue to build that out around the world. We have nine sites that we manage right now as J.P. Morgan Chase & Co. (NYSE:JPM) offices around the world, and we will continue to grow it out. HK is next, and after that we are looking at a couple more places in Asia, and one of those that we're currently taking a close look at is Malaysia. It gives our clients a comfortable feeling to know that not only are we a global custodian, we are also a sub-custodian, and they can get protection by leveraging J.P. Morgan Chase & Co. (NYSE:JPM)'s end-to-end capability". JP Morgan Chase & Co. (NYSE:JPM) shares were at 36.6599998474121 at the end of the last day’s trading. There’s been a 11.6% change in the stock price over the past 3 months. JP Morgan Chase & Co. (NYSE:JPM) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.36 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.29 Zack’s Rank: 4 out of 15 in the industry
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