Skip to main content
logo
  • My collections
    View saved content and presentation slides
  • Log out
  • Insights

      Liquidity Insights

      • Liquidity Insights Overview
      • Global Liquidity Investment Outlook

        Global Liquidity Investment Outlook

      • Tokenization

        Explore the full whitepaper to learn how tokenized MMFs can transform your approach to cash management and position your organization at the forefront of digital finance.

      • Case Studies

        Read about companies with specific cash management challenges and the solutions when they worked with J.P. Morgan Asset Management.

      • Partnership with fintechs

        A focus on digital innovation and institutional liquidity solutions drive our dynamic partnership with fintech.

      • ESG Resources for Liquidity Investors

        We’ve created a clear, rigorous ESG process meets the many needs of liquidity investors.

      • Leveraging the Power of Cash Segmentation

        The most effective strategy incorporates a clear investment policy, well-defined goals and parameters for liquidity, quality and return.

      • Cash Investment Policy Statement

        How to write an investment policy statement for your organization

      Market Insights

      • Market Insights Overview
      • Eye on the Market

        Explore Eye on the Market, timely commentary that offers views on the economy, markets, and investment portfolios by Michael Cembalest.

      • Guide to the Markets

        The J.P. Morgan Guide to the Markets illustrates a comprehensive array of market and economic histories, trends and statistics through clear charts and graphs.

      • Market Updates

        Read our weekly commentaries to get market insights that may help inform your investment strategy.

      • Podcasts

        Insights from Tai Hui, Chief Market Strategist, Asia, on what is happening in financial markets, from our Asia Pacific headquarters in Hong Kong.

      • Guide to Investing in Asia

        The Guide to Investing in Asia explores the diverse economies, markets and investment trends across Asia, including Japan, India, China and Southeast Asia.

      Portfolio Insights

      • Portfolio Insights Overview
      • Currency

        Our currency team provides solutions for clients, controlling risk using passive management strategies and generating returns by actively managing global currencies.

      • Fixed Income

        We highlight themes and implications from various fixed income teams to help guide your portfolio decisions.

      • Long-Term Capital Market Assumptions

        Our Long-Term Capital Market Assumptions (LTCMAs) deliver forward-looking return, volatility and correlation estimates for 200+ asset and strategy classes in 20+ base currencies.

      • Sustainable investing

        Sustainable Insights

      • Strategic Investment Advisory Group

        The Strategic Investment Advisory Group approaches today’s investment challenges with a global view across asset classes.

    • Resources
        • All Resources
        • MORGAN MONEY
        • Account Management & Trading
        • Global Liquidity Investment Academy
        • Announcements
      • About us

          About us

          Backed by $4.6T in assets, we harness our active edge to deliver timely ideas and actionable insights that empower investors to achieve what matters most.

          • Overview
          • Spectrum: Our Investment Platform
          • Our Leadership Team
          • Diversity, Opportunity & Inclusion
        • Contact us
        • English
        • MORGAN MONEY LOGIN
          • My collections
            View saved content and presentation slides
          • Log out
        • Log in
        • MORGAN MONEY LOGIN
        Log in
        You are about to leave the site Close
        J.P. Morgan Asset Management’s website and/or mobile terms, privacy and security policies don't apply to the site or app you're about to visit. Please review its terms, privacy and security policies to see how they apply to you. J.P. Morgan Asset Management isn’t responsible for (and doesn't provide) any products, services or content at this third-party site or app, except for products and services that explicitly carry the J.P. Morgan Asset Management name.
        CONTINUE Go Back
        1. Recruit Holdings

        • LinkedIn Twitter Facebook WhatsApp
        Web

        Recruit Holdings

        Case study

        Treasury review drives a liquidity and investing solution for continued growth 

        Japan-based staffing company Recruit Holdings wanted to leverage best practices for multi-currency strategies as it pursued global expansion.

        The challenge

        As the business has grown globally, liquidity and cash positions outside of Japan have expanded, creating foreign exchange (FX) exposure. Recruit’s treasury team therefore recognised the need to manage this liquidity outside of Japan. To help integrate global operations, a treasury centre was launched in London and Tomonori Kimura, Managing Director, Recruit Global Treasury Services, who brought a wealth of treasury knowledge and experience to the job, led this review.

        “We undertook a full review across our various treasury units, which included one-on-one discussions to help understand any unique requirements. We then engaged with our banking and asset management partners to explore potential solutions available and scope out industry best practices. This helped to create a strategic roadmap and identify the group’s tolerance to capital risk and volatility, resulting in us drafting a well-articulated investment policy,” commented Kimura.

        The solution

        Recruit worked with J.P. Morgan and J.P. Morgan Asset Management on the solution which includes:

        • Moving away from manual spreadsheet reporting at the subsidiary level

        • Implementation of a more dynamic cash forecasting approach

        • Diversification away from bilateral bank term deposits

        • Cash segmentation and utilisation of off-balance investments to reduce credit risk and enhance liquidity

        • Implementation of a new streamlined treasury management system (TMS)

        • Adoption of better oversight, governance and risk management processes

        Company profile

        Recruit Holdings Co., Ltd. is a leader in the job matching industry in Japan and has been rapidly expanding around the world. This expansion has propelled Recruit’s market value on the Tokyo Stock Exchange.

        0903c02a8261c98f

        EXPLORE MORE

        Case studies

        Read about companies with specific cash management challenges and the solutions when they worked with J.P. Morgan Asset Management.

        Learn more

        MORGAN MONEY

        Invest with ease, operational efficiency and effective controls via our state-of-the-art trading and analytics platform.

        Learn more
        J.P. Morgan Asset Management

        • Investment stewardship
        • About us
        • Contact us
        • Privacy policy
        • Cookie policy
        • Complaint Resolution
        • Sitemap
        J.P. Morgan

        • J.P. Morgan
        • JPMorgan Chase
        • Chase

        READ IMPORTANT LEGAL INFORMATION. CLICK HERE >

        The value of investments may go down as well as up and investors may not get back the full amount invested.

        Copyright 2026 JPMorgan Chase & Co. All rights reserved.