ISTANBUL, September 24, 2014 /PRNewswire/ --
J.P. Morgan announced today the appointment of Mustafa Bagriacik as Senior Country Officer for Turkey and Azerbaijan. Mustafa will be based in Istanbul and will start October 1, reporting to Sjoerd Leenart, Senior Country Officer for the Middle East, Turkey and Africa.
Mustafa will oversee the delivery of the firm's product and service platform to clients across the Corporate and Investment Bank and Asset Management. He will focus on the strategic development of J.P. Morgan's franchise in Turkey and Azerbaijan, leveraging its global platform and network to best serve clients locally. Mustafa will also work to ensure we have strong local controls and governance.
"Mustafa's leadership and experience will be of great help in further strengthening our local franchise. I look forward to partnering closely with him and the broader team to deliver best-in-class service to our clients in this region," said Sjoerd Leenart.
Mustafa brings over 20 years of industry experience and strong relationships with local financial and corporate institutions, government-related entities and regulators. He joins from Deutsche Bank in Istanbul, where he was head of Investment Banking and Advisory for Turkey and Azerbaijan for the last five years. Previously, he spent 10 years at Goldman Sachs in London, where he was responsible for investment banking activities in Turkey and advised on the restructuring of the Turkish banking sector after the country's banking crisis in 2001. Mustafa started his career in London at Chase Manhattan Bank, a predecessor of JPMorgan Chase, in emerging markets derivative marketing and structuring. He will additionally be appointed General Manager of the JPMorgan Chase Bank N.A. Istanbul Turkey Branch, subject to the approval of the Banking Regulation and Supervision Agency (BRSA).
Notes to the editors
J.P. Morgan is a leading provider of financial services in Turkey and Central Asia. The firm's presence in the region extends back to 1890, when the London and New York offices participated in several loans to the Turkish government and invested in Turkish industrial developments, including the Ottoman Bank's Baghdad Railway bonds. This was part of the significant growth and expansion of the firm's international loan business in the late nineteenth century. By 1909, the London branch had become one of Turkey's recognized English banking institutions. The firm's presence in Turkey and Central Asia today extends across the Investment Bank, Treasury Services and Investor Services.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorgan.com .
SOURCE J.P. Morgan