London - February 16, 2006 - JPMorgan today announced that Cazenove Capital Management is now live with JPMorgan's global custody, fund administration and fiduciary solution. Cazenove Capital Management (CCM) selected JPMorgan as its main securities services provider for its �4 billion of UK and Irish funds after a rigorous review of service providers.
Mike Neilson Chief Operating Officer at CCM, said: "We are pleased with the way in which this conversion was managed. JPMorgan's team of dedicated professionals has successfully migrated our funds onto their platform on time and on budget. We have achieved our goal of consolidating our outsourcing arrangements into a more efficient solution."
Richard Warne, head of client management for the Worldwide Securities Services business of JPMorgan in EMEA, said: "We are delighted to have been able to meet the needs of Cazenove Capital Management. This migration is yet another testament to the sophistication of our technology and the quality of our people."
The next phase will be the custody transition of the remaining �6 billion of private and institutional client assets managed by CCM, which is planned for completion during 2006.
About Cazenove Capital Management
Cazenove Capital Management provides investment services to a wide range of clients. In Specialist Investment Management, we manage a range of pooled funds, both UK and Dublin domiciled, as well as a number of segregated portfolios and hedge funds. These services are based around our expertise in UK and European equities, fixed income and multi-manager. Our Private Client business provides high quality impartial advice on all aspects of wealth management and financial planning. We have also developed a range of investment services to meet the specific needs of Charities. We are one of the leading managers of charitable assets in the UK.
About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is the global industry leader with $11.2 trillion in assets under custody. JPMorgan provides innovative custody and securities products and services to the world's largest institutional investors and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 80 markets to help clients optimize efficiency, mitigate risk and enhance revenue through custody and investor services as well as securities clearance and trust services.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.2 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about JPMorgan Chase is available on the Internet at
www.jpmorganchase.com.
