Gazprom and J.P. Morgan assess potential for deeper cooperation
RELEASE
Release
A working meeting between Alexey Miller, Chairman of the Management Committee of Gazprom, and Daniel Pinto, Chief Executive Officer of J.P. Morgan Corporate & Investment Bank, Member of the Operating Committee of JPMorgan Chase & Co., took place today at the St. Petersburg International Economic Forum 2017.
The meeting participants noted that the bilateral cooperation between the companies was very productive and had considerable potential for development. In their joint efforts moving forward, the parties will focus on securing financing for the Gazprom Group using a wide range of financial instruments and on providing Gazprom with consulting services.
Background
J.P. Morgan is a corporate and investment bank that provides services in strategic consulting, capital raising, risk management, transaction processing, treasury operations, and liquidity management in more than 100 countries. It is a subsidiary of JPMorgan Chase & Co.
JPMorgan Chase & Co. is a leading global financial firm with assets of USD 2.5 trillion. Headquartered in New York City, the firm is a market leader with a large client base in four business lines: corporate and investment banking, commercial banking, asset management, and banking services for individuals. JPMorgan Chase & Co. serves clients and conducts operations worldwide under the J.P. Morgan and Chase brands.
Gazprom and J.P. Morgan have been cooperating since 2004. In October 2010, J.P. Morgan became Gazprom's corporate broker.