Email
PrintJ.P. Morgan Worldwide Securities Services Reappointed as Master Custodian for Act Department of Treasury
Jan 12, 2009
Sydney, January 12, 2009 - J.P. Morgan announced today that following a review of custody arrangements, the Department of Treasury for the Australian Capital Territory Government has reappointed J.P. Morgan as its Master Custodian for the next five years.
J.P. Morgan has provided a suite of master custody services to the Department of Treasury since 2003 and has been reappointed after a tender process that involved two other local custodians. J.P. Morgan will continue to provide a complete solution set including custody, performance analytics, compliance monitoring, registry, unit pricing and portfolio accounting services.
Jane Perry, Chief Executive of J.P. Morgan Worldwide Securities Services, Australia and New Zealand, said "We have worked with the ACT Department of Treasury for over five years and we are delighted to remain their preferred partner for their investment administration solutions. The reappointment reaffirms our leading market position in Australia and demonstrates our ability to support local Government entities."
J.P. Morgan is the leading provider of custody and investment administration services in Australia with over AUD342 billion in assets under custody.*
The ACT Department of Treasury provides strategic financial and economic advice and services to the Australian Capital Territory Government with the aim of improving the Territory's financial position and economic management.
* Figure as at June 30, 2008, Reference: ACSA
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.3 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 & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and Washington Mutual brands. Information about JPMorgan Chase & Co.is available at www.jpmorganchase.com.
About JPMorgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $15.9 trillion in assets under custody. J.P. Morgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and debt and equity issuers. J.P. Morgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. Information about the firm is available at www.jpmorgan.com.au