J.P. Morgan’s Worldwide Securities Services (WSS) business today announced it has been appointed by the Royal Borough of Windsor and Maidenhead to provide global custody and related services to the Royal County of Berkshire Pension Fund.
J.P. Morgan Worldwide Securities Services today announced that it has been appointed by Cerberus Capital Management, L.P., one of the world’s leading private investment firms, to provide fund administration and related securities services for its investment funds with aggregate assets of over $23 billion.
J.P. Morgan Worldwide Securities Services (“WSS”) has named Kirit Bhatia Head of Technical Sales, Asia ex-Japan, as the firm continues to strengthen its client servicing capabilities and further align its business with its clients’ strategic growth plans.
J.P. Morgan today announced that its active tri-party repo clients have successfully completed the transition to three-way trade confirmation as mandated by the Tri-Party Repo Market Infrastructure Reform Task Force. By value, 99% of all tri-party repos booked daily through J.P. Morgan are now confirmed by both counterparties.
J.P. Morgan has named veteran transaction and corporate banker David Koh Head of Treasury & Securities Services, China and Head of Treasury Services, Greater China, as the firm continues to deepen its focus on its clients and further execute its aggressive international growth agenda.
J.P. Morgan announced today that it has been appointed by Vanguard, one of the world’s largest investment management companies, to offer four of its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
According to a survey released today by J.P Morgan’s Depositary Receipts (DR) business, institutional investors in North America and Europe believe that investor relations (IR) and corporate governance standards in Latin America have improved, but stress the need for companies to further bolster their efforts as they continue to compete for global capital.
J.P. Morgan announced today that it has been selected by investment management firm FFCM LLC to provide a suite of securities services, including fund administration, fund accounting and custody, along with prime custody services, for its newly launched family of equity ETFs, QuantShares.
J.P. Morgan announced today that it has been appointed to sponsor the listing of twenty-one exchange-traded index funds (“ETFs”) advised by First Trust Advisors L.P. (“First Trust”), an SEC-registered investment advisor, on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). The cross-listed ETFs will be listed on the BMV in pesos and trades can be initiated through a local broker.
J.P. Morgan today announced the successful achievement of two major tri-party repo milestones: the implementation of three-way trade matching for US Tri-Party Repo dealers and cash investors on August 29, and the move of the daily unwind to 3:30 p.m. on August 22 in accordance with the previously-mandated Tri-Party Repo Market Infrastructure Reform Task Force deadline.
J.P. Morgan Worldwide Securities Services announced today that it has been selected by Federal Home Loan Bank of Chicago (FHLB Chicago) to provide custody services for FHLB Chicago’s own investment portfolio and for assets FHLB Chicago holds for its member financial institutions.
J.P. Morgan Treasury & Securities Services (“TSS”) has appointed Stewart Cowan as head of Financing and Market Products (“FMP”) Australia, New Zealand and Japan, and Michael Wynn to the Australian transition management sales desk as the firm deepens its focus on key high growth sectors in Asia Pacific.
J.P. Morgan announced today that it has been selected by investment management firm AQR Capital Management, LLC (AQR), adviser to the AQR Funds, to provide prime custody and fund administration to its newly launched mutual fund – the AQR Multi-Strategy Alternative Fund. As described by AQR, the Fund seeks exposure to the following sub-strategies: Convertible Arbitrage, Event Driven (including Merger Arbitrage), Fixed Income Relative Value, Equity Market Neutral, Long/Short Equity, Dedicated Short Bias, Global Macro, Managed Futures and Emerging Markets.
J.P. Morgan's Worldwide Securities Services business today announced the successful transition of $12.5 billion in emerging market assets for APG, the Dutch pension administrator and asset manager, in one of the biggest transitions of its kind.
J.P. Morgan Worldwide Securities Services (WSS) today announced that it has been appointed by Precidian Funds LLC, a wholly-owned subsidiary of Precidian Investments LLC, to provide fund administration, fund accounting and custody services to its newly launched MAXIS℠ Nikkei 225 Index exchange traded fund (ETF).
J.P. Morgan announced today that it has been appointed by PIMCO (Pacific Investment Management Company LLC), a leading global investment management firm, to offer five of its U.S.-registered ETFs on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
J.P. Morgan has been appointed depositary bank by Catcher Technology Co., Ltd. ("Catcher Technology") for the company's USD 220 million Global Depositary Receipt ("GDR") listing, a deal which represented its first ever GDR listing.
J.P. Morgan Worldwide Securities Services was recently honored at International Custody & Fund Administration’s (ICFA)second-annual Americas Service Provider Awards ceremony in four categories: ‘U.S. Fund Administrator of the Year,' ‘Derivatives Valuation Services Provider of the Year,’ 'Private Equity Fund Administrator of the Year,' and ‘Transition Management Provider of the Year.
J.P. Morgan announced today that it has been selected by investment management firm Palmer Square Capital Management, a manager of hedge fund-of-funds partnerships and customized alternative investments, to provide Prime Custody Solutions for their recently launched Absolute Return Fund. This fund is Palmer Square’s first open-ended mutual fund, a fund that, according to Palmer Square, seeks capital appreciation with an emphasis on absolute (positive) returns and low correlation to the broader equity and bond markets.
J.P. Morgan’s Worldwide Securities Services business has been awarded the top technology award, as well as the Innovation in Custody and Securities Services award for the second year running, at The Banker Innovation in Banking Technology Awards 2011.
J.P. Morgan Worldwide Securities Services today announced it has been ranked top global transition management provider in the un-weighted scores of the 2011 Global Investor Transition Management Survey. In addition, J.P. Morgan was recognised by Global Pensions, a leading industry publication, as “Best Transition Management Manager of the Year” at the Global Pensions Awards 2011.
J.P. Morgan today announced the appointment of Dinkar Jetley to the position of CEO of its Worldwide Securities Services (WSS) business, one of the leading securities services franchises in the world. Jetley will report to Mike Cavanagh, CEO of J.P. Morgan Treasury & Securities Services (TSS), and will be a member of the J.P. Morgan Chase and TSS Executive Committees. He joins J.P. Morgan on June 16 and will be based in New York.
J.P. Morgan Worldwide Securities Services (WSS) today announced that it has successfully executed and settled a securities lending transaction in the Brazilian market. In doing so, J.P. Morgan is the first non- domestic agent lender to complete a loan transaction in Brazil.
J.P. Morgan Worldwide Securities Services (WSS) today announced that it has hired Brian Coughlin as its new Asset Managers and Insurance Companies (AMIC) Market Manager. Ann Doherty has been appointed Market Manager for WSS’ EMEA Based Complex Global Accounts.
J.P. Morgan Worldwide Securities Services today announced the launch of J.P. Morgan CARSSM, a new and market-leading automated platform for daily cash allocation and rebalancing of target date funds – both custom and open architecture - and other complex fund of fund structures. Because any investment product or pool is supported, the platform enables pension sponsors, investment managers and consultants to design and implement highly customized solutions with flexibility, efficiency and control.
J.P. Morgan Worldwide Securities Services announced today the launch of its Repo Trade Matching Engine. This new functionality will enhance the operating model of the U.S. Tri-Party Repo market, in support of the May 2010 recommendations of the Tri-Party Repo Infrastructure Task Force sponsored by the Federal Reserve Bank of New York’s private sector Payments Risk Committee.
J.P. Morgan has been named depositary bank for SBI Holdings, Inc.’s (“SBI”) Hong Kong Depositary Receipt (“HDR”) listing on the Stock Exchange of Hong Kong today, with the Japanese financial group marking a significant milestone as the first Asian company to execute an HDR listing.
J.P. Morgan’s Worldwide Securities Services business today marked the first anniversary of its interactive blog dedicated to the pensions industry. The blog provides clients and market participants in the corporate and public sector pensions’ arena with an interactive platform for analysis, discussion and comment on market trends and challenges affecting the sector.
J.P. Morgan Treasury & Securities Services (“TSS”) has capped a strong 2010 with a slew of year end awards recognizing the firm’s commitment to its clients and its leadership position across the Asia Pacific region.
J.P. Morgan Worldwide Securities Services (WSS) today announced that it has been appointed by FocusShares, LLC, a registered investment advisor (RIA), exchange-traded fund (ETF) sponsor and affiliate of online investing firm Scottrade, Inc., to service its 15 new FocusTM Morningstar ETFs.
J.P. Morgan Worldwide Securities Services today announced the appointment of Rene Wiegel as Managing Director, Head of Business Development for Benelux, effective immediately.
J.P. Morgan’s Worldwide Securities Services business was ranked the top securities lending provider among the large global securities lending providers in the 2011 Global Custodian Securities Lending Survey. J.P. Morgan was the only large global securities lending agent to have ratings above average in all three regions covered by the survey (North America, Europe, Asia-Pacific).
J.P. Morgan Worldwide Securities Services, a leading provider of global custody and fund services, today announced that it has been selected by the Maine Public Employees Retirement System (MainePERS) to provide custody and securities services for the State’s $10.5 billion in assets.
J.P. Morgan has been appointed depositary bank for Farglory Land Development Co., Ltd.’s (“Farglory”) landmark Global Depositary Receipt (“GDR”) listing on the London Stock Exchange’s Professional Securities Market.
J.P. Morgan this month hosted its sixth annual Securities Financing and Collateral Management Conference exploring the current developments and the impact of regulatory change on securities and derivatives collateral management. The event, in London, followed the European Repo Council’s Annual General Meeting, which J.P. Morgan also hosted.
J.P. Morgan announced today that it has been appointed by Invesco PowerShares Capital Management LLC (“PowerShares”), a leading provider of exchange-traded funds, to offer 17 of its U.S.-registered ETFs on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
J.P. Morgan has partnered with leading global asset manager BlackRock to provide transfer agency services in Asia Pacific, enhancing the investment management firm’s services that it offers to its clients and supporting the company’s growth plans across the region.
J.P. Morgan expects to see continued growth in depositary receipt (“DR”) capital raising activities across Asia Pacific, according to its ‘Asia Pacific Year in Review 2010’ DR report issued today.
J.P. Morgan today announced it is the only tri-party collateral manager to accept physical gold as collateral to satisfy securities lending and repo obligations with counterparties. This comes as more clients look to use gold as a hedge against inflation and to post as collateral.
J.P. Morgan, a leading provider of Treasury and Securities Services in Saudi Arabia, today launched treasury, money market and FX operations in the Kingdom. In this first part of its expansion plans in Saudi Arabia, J.P. Morgan will become a local market counterparty and support clients with local booking and processing from operations in Riyadh.