Article 50

As the United Kingdom formally announces its intent to withdraw from the European Union, we would like to update you on J.P. Morgan’s ongoing planning for our European franchise. Serving your business needs is our firm’s priority. J.P. Morgan is fortunate to have operations across the E.U. that will allow us to continue to support our clients in any event. We may need to make adjustments to our Legal Entity licensing in the E.U., but we don’t expect this to change our ability to serve you.

J.P. Morgan will continue to have a large presence in the United Kingdom and continue to serve clients in the EMEA region, as we have for more than 150 years. As of today, there are no changes to the structure of our clients’ relationship with J.P. Morgan. If we are required to change our legal and regulatory structure in the coming months or years, we will notify you promptly of changes that impact your relationship with J.P. Morgan. Until then, we look forward to continuing to serve you as usual.

Sincerely,

Mike O’Brien
CEO, Asset Management EMEA



The Information in this article is not intended to promote a particular outcome to any question asked in the UK Referendum on whether Britain should remain in or leave the European Union. J.P. Morgan Asset Management takes no political stance on this question. The information in the article is J.P. Morgan’s opinion.


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