OREANDA-NEWS.  April 18, 2012. Citibank and JPMorgan Asset Management (EUROPE) S.а r.l., European subsidiary of global investment bank JPMorgan Chase & Co., have signed the distribution agreement to start sales of more than 30 international mutual funds to Citibank customers who are Qualified Investors. Total assets under management of JPMorgan exceed 1 trillion US Dollars. A wide range of the funds launched offers the investors a comprehensive diversified solution by countries, sectors, asset classes, reported the press-centre of Citibank.

"Sales launch of JPMorgan Asset Management in Russia is the next step of the strategy to expand the cooperation with global players of asset management market”, says Sergey Korotkov, Retail Banking Business Head at Citibank. – We are confident that our distribution partnership with JPMorgan Asset Management can substantially increase the number and quality of investment solutions for our customers in Russia."

"JPMorgan Asset Management is very proud to provide its selected investment fund range via ZAO Citibank Russia for the benefit of their qualified investors. We believe that combining our investment knowledge with the distribution power and client care of ZAO Citibank is a very important next step in our partnership globally," says George Jucsak, Executive Director, Senior Sales Executive for the Central and Eastern European markets for JPMorgan Asset Management.
JPMORGAN funds will be distributed in over 50 branches in 11 cities of Russia.