Bank Alfalah, a Pakistan-based financial institution with operations in several countries, has selected JP Morgan to handle its range of treasury and cash management services.
Through its partnership with JP Morgan, Bank Alfalah will provide its clients with an enhanced customer experience supported by the smoother processing of transactions and a unified global network.
Bank Alfalah, which previously worked with JP Morgan on executing select trade transactions, will adopt a range of services, including US Dollar clearing, trade reimbursement, account services and overnight fund sweeping.
JP Morgan’s integrated solution will support Bank Alfalah’s strategic growth plans, particularly as the company expands its international operations.
JP Morgan Pakistan general manager Amin Mohammed Khowaja said that this ongoing relationship reflects the commitment to helping bank partners in Pakistan further extend their services and enhance their business.