Diamond sponsor J.P. Morgan serves a masters ace
J.P. Morgan is proud to continue as the Diamond Sponsor of the Rolex Shanghai Masters for the second year in a row.
As Asia’s only ATP Masters 1000 tournament and one of the world’s most exciting sporting competitions, the prestigious tennis event will once again be held at the iconic Qizhong Tennis Center between October 6 and October 13.
J.P. Morgan has been the Diamond Sponsor of the Rolex Shanghai Masters for the second year in a row.
“J.P. Morgan is delighted to continue our Diamond Sponsorship at this award-winning ATP tournament, which hosts the best tennis players in the world every October,” said Nicolas Aguzin, chairman and CEO of J.P. Morgan, Asia Pacific.
“As a firm that has supported tennis for many years, including the US Open since 1982, we are very proud that our involvement in the sport is global and includes China,” said Aguzin. “The Rolex Shanghai Masters continues to attract more and more fans to the sport and we are privileged to be able to help develop and promote it further in such a dynamic location.”
Mark Leung, CEO of J.P. Morgan China, added: “J.P. Morgan has been in China for close to a century and we take a long-term strategic approach to our business as we grow with China.
“We believe that our sponsorship of this fantastic event is a further demonstration of the firm’s commitment to this critical market as well as our clients and the local community.”
J.P. Morgan has been a witness and supporter of China’s efforts to further liberalize its financial markets.
“We are very pleased to see how quickly China is developing and how promising its future prospects are for both our clients and J.P. Morgan,” Leung said.
“We are committed to growing with China and will continue to invest across the full spectrum of our business areas including banking, wholesale payments, markets, securities services and asset management to ensure we are well positioned to support our clients in China and globally.”
In March, J.P. Morgan announced it had received approval from the China Securities Regulatory Commission to establish a new majority owned and controlled securities company in China — J.P. Morgan Securities (China) Co Ltd.
The firm is now working with relevant authorities toward the final regulatory approvals, which will allow J.P. Morgan to further strengthen its onshore platform and offer a complete set of services and solutions to its clients both in China and globally.
The firm’s asset management business recently won an auction to purchase a 2 percent equity stake in its Chinese asset management joint venture, China International Fund Management, and is poised to become the first foreign company to own a majority stake in a Chinese fund management joint venture, contingent on the approval of regulators.
“The Rolex Shanghai Masters celebrated its important 10th anniversary last year and now we are turning our attention to the tournament’s next phase in an effort to grow this award-winning event even further,” tournament director Michael Luevano said.
“J.P. Morgan has been connected to tennis and sport more generally in other parts of the world,” said Luevano. “Having such a prestigious company being part of our team can only be a winning formula and is our first step as we enter this exciting new phase.”
J.P. Morgan has been doing business in China since 1921. J.P. Morgan’s integrated services include investment and corporate banking, wholesale payments, markets, sales and research, securities services, commercial banking and asset management.
Today, the firm serves Chinese and international corporations, financial institutions and government agencies through its network in Beijing, Shanghai, Tianjin, Guangzhou, Chengdu, Harbin, Suzhou and Shenzhen.