JP Morgan Treasury & Securities Services has appointed Stewart Cowan as head of financing and market products (FMP) for Australia, New Zealand and Japan.
The appointment is an expansion of Cowan's previous responsibilities at JP Morgan, where he has worked for a decade in various services roles.
Cowan's expanded role now includes oversight of the firm's clearance and collateral management, transition management and foreign exchange solutions.
The firm also appointed Michael Wynn to the Australian transition management sales desk.
Wynn comes from JP Morgan's United Kingdom business, where he was with the investment bank, managing the passive currency overlay execution desk.
"[Cowan] will continue to lead our securities lending operation, but will expand his responsibilities to cover the full FMP suite of clearance, securities and derivatives collateral management, transition management, foreign exchange and passive currency overlay," JP Morgan Treasury & Securities Services Australia and New Zealand chief executive Jane Perry said.
"In a sophisticated domestic market which relies heavily on financing and market products to manage risk, reduce cost and generate returns, Stewart will be instrumental in further enhancing our local and Asia-Pacific clients' businesses while at the same time driving JP Morgan's success across these key markets."
