KFICA Members list
JPMorgan Chase is a leading global financial services firm with assets of $2.3 trillion, market capitalization of over $140 billion, and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity, specializing particularly in the emerging markets.
The bank has historically been ranking among the world’s top in terms of equity issuance. The London equity capital markets team of JPMorgan has been responsible for the creation of six new FTSE100 companies, including Kazakhmys. These IPOs have been accompanied by the raising of large amounts of capital for the further expansion of the companies concerned, establishing them as global leaders in their respective industries. JPMorgan is an undisputed leader in sovereign and USD-denominated investment grade issuance. Furthermore, JPMorgan is the leading underwriter of international bonds for emerging market issuers, and specifically from Kazakhstan. In addition to multiple industry awards, JPMorgan was named as “Best Global Emerging Markets House” and “Best Emerging Investment Bank” by the Euromoney magazine in 2011.
At present, the total size of JPMorgan’s investment portfolio in Kazakhstan exceeds US $600 million. This is primarily in form of long-term (5-7 years) investment-type loans to the country’s major corporations, equity interests in various real-sector enterprises, as well as trade finance instruments for various export-oriented transactions for small and medium enterprises. Since JPMorgan entered the Kazakh financial market in 1999, we have invested over US $2.4 billion in the economy of the country, including in projects outside the resource sectors (telecommunications, agriculture etc.). Importantly, we help Kazakh companies raise financing to ensure continuous supply of long-term investment capital to the country. Between 2000 and 2011, JPMorgan advised Kazakh issuers on 35 debt transactions, in which over $11 billion was raised.
To mark its commitment to the country and its economy, in 2008 JPMorgan has officially commissioned a permanent representative office in Kazakhstan, staffed with local investment banking and treasury services professionals. All Kazakh nationals employed by JPMorgan (both at the representative office and in other locations, such as New York and London) are required to attend additional training programs, which includes both in-house courses as well as external trainings. We have in place an internship program for graduates of the major US and UK universities to which about 80-100 students from Kazakhstan are admitted annually. As of today, about 40 of our permanent staff worldwide are graduates of the Bolashak program.
JPMorgan helped arrange the visit of the President of Kazakhstan to the United States and United Kingdom, including a visit to the floor of the London Stock Exchange and London Metals Exchange. As part of 2010 Annual IMF Meetings in Washington DC, we have organized a presentation of the National Bank of Kazakhstan for the group of institutional investors.
JPMorgan is committed to supporting the social development in Kazakhstan. We have supported Kazakhmys in opening of a new technical college in Balkhash, designed to train 1,300 students a year. A similar college in Satpayev has already seen two hundred graduates complete their training since opening. Every year via Kazakhmys we sponsor over two hundred university and college students to complete their education in Kazakhstan or abroad. The operation also provides internships for college students. Beyond that, the company is making a major commitment to funding the Presidential Library in Astana. This high educational facility will have a particular focus on technical and economically useful skills, especially in the domains of engineering, metallurgy, technology and natural resources.