The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Treasury

Transaction services: JPMorgan exec aims for top league-table spot

JPM wants to become the top transaction bank in the world – Takis Georgakopoulos, global head of treasury services, tells Euromoney how the bank will do it.

Takis-Georgakopoulos-JPM-780

Takis Georgakopoulos, global head of treasury services at JPMorgan

Some eight years since JPMorgan decided to compete with the likes of Citi and HSBC in the global transaction banking business, it is getting closer to its goal of taking the top spot in the league tables.

While it still lags in certain sectors and geographies – trade finance and Asia-Pacific, specifically – the bank has made some big strides. Soon, it may give the traditional heavyweights a serious challenge for the title.

Transaction services is not the sexiest segment of banking, but in recent years has nonetheless become a sought-after business.

Even Goldman is courting cash management – though, to be fair, it seems the bank wants to be the kind of universal bank it traditionally spurned, having taken up even retail operations, meaning it can hardly stay away from cash management.

Overall revenues in transaction banking took a beating in 2014 and fell further into 2016, but it has since revived, and in 2018 total revenue of the big players hit an eight-year high, according to Coalition.

Transaction banking has therefore been a steady profit generator at a time when investment banking revenue streams, such as capital markets origination and trading, have been volatile.


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree