London, February 27, 2006 -- JPMorgan Worldwide Securities Services (WSS) announced today the appointment of Benjie Fraser as Senior Vice President and head of business development for European pension funds, a new position, as part of WSS's focus on pension funds and the administration of pension funds.
Fraser previously worked for Bank of New York, where he was head of European pensions. He has over 16 years of experience in the pensions industry and has spent more than 20 years in financial services.
"We are very pleased to be joined by someone with Benjie's broad experience, particularly at this important time for the pensions industry," said Dick Feehan, WSS Securities Company sales executive in Europe, Middle East and Africa.
Fraser said, "I am very excited about coming to work for a firm so comprehensively committed to pension funds. JPMorgan's focus on servicing clients is a key part of this commitment to the pensions industry."
JPMorgan Worldwide Securities Services is the leading 3rd party fund accountant in Europe, and provides custody services to nearly 40% of UK pension funds.
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 securities services as well as clearance and trust services to the world's largest institutional investors and debt and equity issuers.
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 the firm is available at
www.jpmorganchase.com.
