REG-JP Morgan Chase Peter Scher to Lead JPMorgan Chase's Global Government Relations and Public Policy

NEW YORK--(Business Wire)--

JPMorgan Chase today announced Peter L. Scher will join the firm as Executive
Vice President of Global Government Relations and Public Policy effective June
16, 2008. In this role he will oversee State, Federal and International
Government Relations. Scher will also serve on the firm's Executive Committee
and report to William Daley, Vice Chairman of the Midwest and Head of the Office
of Corporate Responsibility.

"From his career in international and domestic public policy, Peter Scher brings
a wealth of experience in the issues that impact the banking and financial
services industry and the global markets that we operate in," said Daley. "We
look forward to having him on our team as we further the firm's engagement and
public policy dialogues with policymakers in the U.S. Congress, the Executive
and government leaders around the world."

Commenting on his new position, Scher said, "I am pleased to join JPMorgan
Chase, a firm recognized around the world for its global leadership in financial
services. This is a time of innovation and challenge for the financial sector
and I am thrilled to have the opportunity to join this great team."

Currently, Scher is the Managing Partner of the Washington, D.C. office of the
law firm of Mayer Brown, LLP. He previously served in a number of senior level
positions in the Executive Branch as a special trade negotiator in the Office of
the U.S. Trade Representative and as Chief of Staff at the U.S. Department of
Commerce.

Before that he held senior level jobs in Congress. He served as staff director
of the Senate Environment and Public Works Committee and chief of staff to U.S.
Senator Max Baucus of Montana, now chairman of the Senate Finance Committee. In
2004, he managed the vice presidential campaign of former North Carolina U.S.
Senator John Edwards.

Born in New York City, New York Scher received his Bachelor of Arts degree in
Political Science from The American University and his Juris Doctor from The
American University's Washington College of Law. He is a member of the Bar
Associations of New York State and Washington, D.C. Scher is married and has two
sons.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $1.6 trillion 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. A component of the Dow Jones Industrial Average,
JPMorgan Chase serves millions of consumers in the United States and many of the
world's most prominent corporate, institutional and government clients under its
JPMorgan and Chase brands. JPMorgan Chase invests in education, economic
opportunity, development and environmental programs that enable people and
communities to thrive. Information about the firm is available at
www.jpmorganchase.com.

JPMorgan Chase & Co.
Darlene R. Taylor, 212-270-7433
darlene.r.taylor@jpmchase.com

JPMorgan Chase & Co.

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