Atos Origin has mandated JP Morgan for supporting domestic cash management in Asia and has put in place an international cash management structure to link Asia with Europe.
In addition to JP Morgan’s cash management service, Atos Origin’s subsidiaries have agreed to an integrated AAA rated Money Market Funds solution provided by JP Morgan Asset Management.
The cash management solution allows Atos Origin to support its overall business development in Asia by using an efficient cash management solution as well as a liquidity solution in Asia. These solutions are also helping the cash element of Atos Origin’s IT project for the Beijing 2008 summer Olympic games.
Simon Jones, senior vice-president and head of corporate sales for JP Morgan Treasury Services in Asia Pacific, says: “This cross-region cash management structure with Atos Origin, a leading European multinational company, is an example of JP Morgan’s strategy with European multinational companies in the Asia Pacific region. This solution clearly demonstrates our strong position as a leading provider of liquidity, cash management and trade finance across two regions in a seamless manner.”
“Multinationals globally have shown a continued interest in diversifying their cash management solutions, and operating in China is no different,” adds Clifford Chiu, head of institutional business and global cash in Asia for JP Morgan Asset Management.