The bank will provide services to Hess in Southeast Asia, with the mandate covering Indonesia, Malaysia, Singapore and Thailand.
The Hess mandate will comprise of JPMorganÆs full suite of treasury services, which includes payments and receivables, liquidity, electronic banking and bank guarantee issuances. More importantly for JPMorgan, serving HessÆs cash management needs in Asia now means that the bank is its global primary cash management provider.
The deal between JPMorgan and Hess once...
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