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According to a survey released today by J.P. Morgan’s Depositary Receipts (DR) business, 70 percent of institutional investors in North America and Europe who responded to the survey recommend that a Latin American company pursue an initial public offering in today’s capital markets. Survey participants, who were interviewed in September 2012, believe that despite significant macroeconomic headwinds in Europe and China, Latin America is a region with steadfast domestic markets and attractively-valued companies that demonstrate significant growth potential.
J.P. Morgan today announced it has been selected by Santander Mexico to act as depositary bank for the company’s American Depositary Receipt (ADR) program in relation to its recent initial public offering (IPO) of USD 4.1 billion, the largest equity offering and IPO ever in Mexico. The NYSE-listed ADRs trade under the symbol BSMX.
J.P. Morgan's Agency Clearing, Collateral Management and Execution (ACCE) business, a unit of the Corporate & Investment Bank, today announced that it has introduced daily portfolio reconciliation for its derivatives collateral management clients. The product is available through ACCE’s ongoing partnership with TriOptima, provider of the market’s leading derivatives portfolio reconciliation service, triResolve. J.P. Morgan utilizes secure FTP technology to exchange trade files, becoming the first collateral agent to offer this additional level of security to its clients.
J.P. Morgan today announced a series of new products, services and client mandates designed to capitalize on the firm’s global footprint, understanding of changing regulatory environments and innovative approach to issues affecting financial institutions.
J.P. Morgan Treasury Services & Worldwide Securities Services will showcase their innovative global treasury and securities services solutions for financial institutions at Sibos 2012, Osaka, which begins on Monday October 29th at the INTEX Osaka convention center in Japan.
J.P. Morgan has been appointed depositary bank for a new Level 1 American Depositary Receipt (“ADR”) program following the October 1 merger of Nippon Steel Corporation and Sumitomo Metal Industries, Ltd to form Nippon Steel & Sumitomo Metal Corporation, or NSSMC.
J.P. Morgan Worldwide Securities Services (WSS) has today announced the launch of its Online Portfolio Analytics Lab (OPAL), an innovative new technology service which utilises extensive portfolio analytics tools to help institutional investors assess risk across individual portfolios, and optimise asset allocation and investment manager selection.
J.P. Morgan has executed Hong Kong’s first HKD tri-party repo transaction between Bank of China (Hong Kong) Limited (“BOCHK”) and Barclays Bank plc (“Barclays”), the first such trade following the launch of the Hong Kong Monetary Authority’s (“HKMA”) cross-border collateral management service in June this year.
J.P. Morgan has extended its collateral management product in order to enhance the security and control over excess collateral. The additional service will support clients’ listed derivative and OTC cleared activity, allowing them to maintain excess collateral in a depository institution, JPMorgan Chase Bank N.A., separate from their clearing broker, and have on-demand reporting and access to their account.
.P. Morgan Worldwide Securities Services (WSS) announced today that it has added reporting capabilities for Form PF, the Securities and Exchange Commission’s (SEC) new regulatory filing for registered investment advisers, to its suite of services.
J.P. Morgan today announced it has been appointed by France Telecom S.A. to act as successor depositary bank for the company’s American Depositary Receipt (ADR) program listed on the New York Stock Exchange (NYSE). J.P. Morgan will manage the ADR program for France Telecom S.A., a leading telecommunications operator in France.
J.P. Morgan Worldwide Securities Services has enhanced its collateral management platform in Japan, introducing core automation capabilities that will provide clients with significant efficiency gains while also meeting Japan’s unique regulatory and legal requirements related to the management and protection of collateral under Japanese law.
J.P. Morgan announced today that it has been selected by Neuberger Berman, one of the world’s leading employee-owned money managers, to provide a suite of securities services, including integrated prime custody services, fund accounting and fund administration for its newly launched Neuberger Berman Absolute Return Multi-Manager Fund.
J.P. Morgan Worldwide Securities Services (WSS) today announced that its tri-party offering for Chicago Mercantile Exchange Inc.’s (CME) IEF4 program will begin supporting corporate bonds. The change comes in conjunction with CME Clearing’s decision to expand eligible collateral to include corporate bonds and extends the capabilities of J.P. Morgan’s longstanding supporting of CME Clearing’s IEF4 program.
According to a survey released today by J.P. Morgan’s Depositary Receipts (DR) business, investors are optimistic about the investment opportunities that exist in Russia over the next three years due to the country’s economic growth rate, abundance of natural resources, low debt levels and healthy employment levels.
Australia’s $1.3 trillion superannuation and managed investments sector is taking a long-awaited step towards automating its complex funds processes with J.P. Morgan’s launch of a totally automated fund routing and settlement service. The new service meets the growing demand for greater efficiency in placing and tracking transactions, resulting from a significant increase in the number of global asset classes and investment vehicles available to large investors.
J.P. Morgan’s Worldwide Securities Services (WSS) business today announced it has been selected by Söderberg & Partners, a Swedish asset manager with funds domiciled in Luxembourg, to provide a range of securities services including custody, fund accounting and transfer agency for Söderberg’s recently launched SICAV fund. The SICAV consists of three sub-funds.
J.P. Morgan today announced David Kane as head of its Trust and Fiduciary and Compliance Reporting business, which is part of the firm’s Worldwide Securities Services division (WSS). Kane replaces Tim Gandy, who is retiring after a 47 year career and 23 years at J.P. Morgan.
J.P. Morgan was named the Broker/Dealer Custody & Clearing Provider of the Year by Custody Risk Americas, one of several recent high profile awards recognizing innovation in collateral management and clearance, and leadership in U.S. Tri-Party Repo Market Reforms.
J.P. Morgan’s Worldwide Securities Services business has been appointed to provide private equity fund administration services to 8 Miles Fund I, a Pan-African private equity fund that plans to invest in businesses across a broad range of industries, with the aim of driving long-term growth in Africa. 8 Miles, which recently closed its first fund raising, plans to focus on growth sectors in Africa including agribusiness, consumer and retail, health, telecommunications, banking and financial services.
J.P. Morgan Worldwide Securities Services (WSS) today announced it has been selected by SKY Harbor Global Funds, a Luxembourg registered UCITS IV investment company, to provide global custody, transfer agency, fund administration and fund accounting for SKY Harbor’s newly launched US High Yield and US Short Duration High Yield sub-funds.
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 two of its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). The two ETFs are in addition to the existing five PIMCO ETFs previously sponsored by J.P. Morgan on the same exchange.
J.P. Morgan today announced thelaunch of a mobile application for its DR (Depositary Receipt) clients. The ADR Issuer Services app, which is free of charge and available for download via the iTunes app store, will provide J.P. Morgan DR issuer clients with instant access to business critical information housed on adr.com.
Australian and New Zealand institutions are looking to implement enhanced collateral management arrangements as more stringent financial regulation is implemented globally and concerns around counterparty credit risk remain at the forefront – according to global industry leader J.P. Morgan.
J.P. Morgan Worldwide Securities Services today announced the launch of Alternative Investment Reporting, a new interactive portal enabling alternative asset managers across Hedge Fund, Private Equity and Real Estate strategies to view, analyze and extract their fund administration data from dashboards, workflow tools and reports.
J.P. Morgan Worldwide Securities Services (WSS) today announced that it has been appointed by Yorkville ETF Advisors, LLC, an asset management firm and a subsidiary of Yorkville ETF Holdings, LLC, to provide custody and exchange traded fund (ETF) transfer agency services to its newly launched Yorkville High Income master limited partnerships (MLPs) ETF.
J.P. Morgan Worldwide Securities Services today announced that its Auto Substitution product has won the award for ‘Best Clearing & Settlement Initiative’ in the second annual FTF News Technology Innovation Awards 2012.
J.P. Morgan Worldwide Securities Services has today announced it will launch an innovative repo financing collateral management platform, which has been developed in partnership with the Hong Kong Monetary Authority (“HKMA”), with a view to enhancing financial stability and providing secured channels for liquidity provisions to the financial markets in Hong Kong.
J.P. Morgan Worldwide Securities Services (WSS) today announced that Stephanie Miller has joined the firm as Global Head of the Alternative Investment Services business, reporting to Nick Rudenstine, Global Head of Investor Services for WSS.
J.P. Morgan Worldwide Securities Services (WSS) today announced new leadership for the group that works with U.K. pension funds and charities to continue to provide this important group with the breadth of services to meet their increasingly complex needs.
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.
Despite economic uncertainty and volatility in the global equity markets in 2010, depositary receipts (DRs) remain popular with both issuers and investors, according to J.P. Morgan’s DR 2010 Year in Review report.
J.P. Morgan Worldwide Securities Services announced today that it has been selected by FHLBank Atlanta, a federal home loan bank, to provide custody and liquidity services for the bank’s own investment portfolio and for assets it holds for its member banks.
J.P. Morgan Worldwide Securities Services today announced that it has been appointed by True North Management Group LLC to provide real estate fund administration services for its True North High Yield Investment Fund II which closed in April 2010 with $330 million of equity commitments and is expected to finish with $500-$600 million of equity commitments.
J.P. Morgan Worldwide Securities Services announced today that it has been mandated for, and successfully transitioned, the fund administration, custody and related securities services for Eagle Mutual Funds, the mutual fund complex of Eagle Asset Management, Inc.
J.P. Morgan announced today that it has been appointed depositary bank by Global Education & Technology Group Ltd. (“Global Education”), which raised USD 76.9 million through an American Depositary Shares (“ADS”) listing on the NASDAQ.
J.P. Morgan announced today that it has been appointed depositary bank by Chinese real estate website operator, SouFun Holdings Limited (“SouFun”), which raised USD 143 million via an American Depositary Receipt listing on the New York Stock Exchange.
J.P. Morgan Worldwide Securities Services (WSS) announced today that it has been selected by investment management firm AQR Capital Management, LLC (AQR), adviser to the AQR Funds, to provide a full suite of fund administration, prime-custody, and related securities services for the firm’s mutual funds with more than $2 billion in assets.
Despite uncertainty and volatility in the global equity markets in the first half of 2010, depositary receipts (DRs) continue to prove popular with both issuers and investors, according to J.P. Morgan’s DR 2010 Mid-Year Review report.
J.P. Morgan announced today that it has been appointed depositary bank by India-based producer of synthetic, cotton and blended yarns, Jindal Cotex Limited ("Jindal Cotex"), following the company’s recent USD 38.5 million Global Depositary Receipt (GDR) listing on the Luxembourg Stock Exchange.
J.P. Morgan's Worldwide Securities Services business today announced that it has been mandated to provide third party securities lending services on behalf of Mediolanum, the Italian financial services firm, for a selection of their Luxembourg and Dublin domiciled funds.
NASDAQ OMX and J.P. Morgan today announced that J. P. Morgan has become NASDAQ OMX Stockholm AB's first non-Nordic custodian for the NASDAQ OMX Derivatives Markets. As custodian, J.P. Morgan will provide collateral management agency services for the cash and securities with which member firms collateralize their derivatives trades.
J.P. Morgan Worldwide Securities Services and BankInvest today announced that J.P. Morgan has been awarded a mandate to provide custody and related services to BankInvest, a leading asset manager and provider of investment funds in the Nordic region with $23bn of total assets under management and administration.
J.P. Morgan Worldwide Securities Services, a leading provider of global custody and fund services, today announced that it has been selected by the State of New Mexico to provide custody and securities services for the State’s more than $40 billion in assets.
J.P. Morgan announced today that it has appointed Adam Wallace as executive director and product head of J.P. Morgan's Hedge Fund Services business in Asia Pacific. Based in Hong Kong, Wallace will cover Hedge Fund Administration, Transfer Agency, Fund of Hedge Fund Custody and Middle-Office services for hedge funds and fund of hedge funds.
J.P. Morgan today announced Auto Substitution, new functionality that will enhance the operating model of the U.S. Tri-Party Repo market in support of the recommendations issued recently by the Payments Risk Committee-sponsored Tri Party Repo Infrastructure Task Force.
J.P. Morgan Worldwide Securities Services, a leading provider of global custody and fund services, today announced that it has been appointed by Transatlantic Holdings, Inc., a leading international reinsurance organization, to provide global custody for the majority of its invested assets worldwide. Assets under custody total approximately $11 billion.
J.P. Morgan announced today that it has been appointed by IFC Asset Management Company LLC (AMC), a new wholly owned subsidiary of IFC, a member of the World Bank Group, to provide outsourced private equity accounting and fund administration services.
J.P. Morgan announced today that it has been appointed by WisdomTree®, an exchange-traded fund (ETF) sponsor and asset manager, to offer six of its U.S.-registered ETFs on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
J.P. Morgan Worldwide Securities Services (WSS), a leading provider of global custody and fund services, has signed an agreement to acquire the private equity administration services business of Schroders PLC (Schroders), subject to regulatory approval.
J.P. Morgan's Worldwide Securities Services business has been awarded a mandate to provide custody and related services to pan-European defined benefit pension schemes advised by Hewitt Delegated Consulting Services.
J.P. Morgan announced today that it has been mandated to expand mutual fund services provided to Nationwide Funds Group (NFG), the asset management business of Nationwide Financial Services, Inc. NFG manages $32 billion in assets in its 92 mutual funds, with approximately 265,000 shareholder accounts.
J.P. Morgan’s Worldwide Securities Services business today announced it has launched a proprietary tax reporting system for calculating and reporting investment fund tax figures to fund promoters, distributors, tax advisors and cross border investors.
J.P. Morgan’s Worldwide Securities Services business today announced it was appointed to provide custody and related services to Stichting Pensioenfonds Vopak, the pension fund of the Netherlands-based company, which is the world’s largest bulk liquid storage provider.
In a year of gradual economic recovery, the issuance and trading of depositary receipts (DR) in 2009 remained strong in the Asia-Pacific region, especially in key markets such as China, India and Taiwan, according to J.P. Morgan's inaugural Depositary Receipt APAC Year in Review 2009.
J.P. Morgan announced today that it has been appointed depositary bank for the American Depositary Receipt (‘ADR’) program of China-based Concord Medical Services Holdings Ltd for the company’s IPO listing on NYSE (NYSE: CCM).
Despite declining economic and market conditions in the first half of 2009, depositary receipts (DRs) proved resilient particularly in the second half of the year, according to the annual J.P. Morgan year-end industry report.
J.P. Morgan announced today that it is now serving as sponsor for all Vanguard Exchange Traded Funds (ETFs) that are listed on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). J.P. Morgan, through its Depositary Receipts (DR) Group, began offering select Vanguard ETFs on the BMV in December 2008, and will now sponsor all 39 Vanguard ETFs in Mexico.
J.P. Morgan Worldwide Securities Services today announced the launch of its securities lending capabilities in Taiwan to help asset managers and institutional investors increase the performance of their securities portfolios with Taiwanese assets while providing them with risk-adjusted returns.
J.P. Morgan’s Worldwide Securities Services business recently organised and hosted a roundtable with Swedish investors, borrowers and other industry participants including the International Securities Lending Association (ISLA) to debate the current regulatory, risk and execution challenges impacting securities lending.
J.P. Morgan Worldwide Securities Services announced today that it has been appointed sole provider of U.S. Treasuries clearance, settlement and custody services by GreTai Securities Market (‘GTSM’), Taiwan's over-the-counter (‘OTC’) Exchange.
J.P. Morgan announced today that it has been appointed by New York-based Greylock Capital Management LLC to provide private equity fund administration. Greylock Capital is a leading alternative asset manager focused on emerging markets in Africa, Asia, Eastern Europe and Latin America.
J.P. Morgan today announced that it has been selected to provide global custody and securities lending services for the investment options that are available within the variable annuity and variable life insurance contracts offered by Jackson National Life Insurance Company®(“Jackson®”) and/or Jackson National Life Insurance Company of New York®.
J.P. Morgan Worldwide Securities Services today announced that its GlobeClear business has been selected to provide securities clearing and settlement services for foreign trades to J.J.B. Hilliard, W.L. Lyons, LLC (Hilliard Lyons).
J.P. Morgan Worldwide Securities Services today announced that it has launched an upgraded securities lending dashboard that allows clients to view and monitor key aspects of their securities lending activities in a customized view. The platform provides clients transparency across their program, including real-time information.
J.P. Morgan Worldwide Securities Services today announced that its GlobeClear business has been appointed to provide European fixed income clearing and settlement for Knight Libertas UK, an institutional fixed income broker-dealer operated by Knight Capital Europe Limited.
J.P. Morgan today announced that its Projections & Simulations service is now available globally. Part of the Securities Collateral Management product, Projections & Simulations provides securities borrowers with a new and innovative set of tools to assess the impact of potential changes to their portfolios, helping them minimize risk and expense while maximizing returns.
J.P. Morgan’s Depositary Receipts (DR) Group today announced that it is launching Issuance & Cancellation (I&C) Lock, a new solution that allows broker dealer clients to purchase a contract that establishes a future rate for DR issuance or cancellation.
J.P. Morgan announced today that it has been re-appointed as depositary bank for Korea Electric Power Corporation (KEPCO)’s American Depositary Receipt (‘ADR’) program, which is one of the largest programs in the Asia Pacific region to date.
J.P. Morgan Worldwide Securities Services (WSS) announced today that it has developed an asset allocation and manager selection analysis tool that enables clients to plan and map the risk-return implications of their current and new portfolios.
J.P. Morgan announced today that it has been selected by the Accident Compensation Corporation of New Zealand (ACC) to provide an extensive range of custodial, accounting and administration services to support ACC’s New Zealand portfolio.
Shaun Parkes joins J.P. Morgan in Asia in the newly created position of head of Worldwide Securities Services, Asia excl. Japan. Parkes relocates from J.P. Morgan London where he was global head of depositary receipt sales and client management.
J.P. Morgan Worldwide Securities Services today announced that its Private Equity Fund Services business has been appointed by Marshall Capital Partners, a Russian private equity firm, to provide private equity fund administration.
J.P. Morgan Worldwide Securities Services was appointed by the Royal Borough of Kingston-upon-Thames Pension Fund to provide global custody, fund accounting and performance measurement services for its £338 million pension scheme.
J.P. Morgan announced that it has been selected by the Federal Reserve to serve as custodian for its program to purchase mortgage-backed securities (MBS). The program, which began on January 5, 2009, will purchase up to $500 billion in MBS.
J.P. Morgan announced that it has been appointed as the successor depositary bank for the American Depositary Receipt (ADR) program of Roche Holding Ltd (Roche), one of the world's leading research-focused healthcare groups in the fields of pharmaceuticals and diagnostics.
J.P. Morgan announced that its Depositary Receipts (DR) Group has been appointed by Vanguard to offer its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
The Trustee of the £1 billion scheme has also appointed J.P. Morgan to provide fund accounting and performance measurement services. The scheme is already part of J.P. Morgan’s securities lending program, and has been a client of J.P. Morgan since 1996.
J.P. Morgan Investor Services was crowned "European Pension Fund Custodian of the Year" and "European Cash Management Provider of the Year" at the 2008 International Custody and Fund Administration European Awards. It was the third year running in which J.P. Morgan received ICFA’s cash management provider award.
J.P. Morgan’s Investor Services business announced that two leading Norwegian institutional investors have transitioned their global custody business to J.P. Morgan, representing an important milestone in the ongoing process of client transfers following J.P. Morgan’s acquisition of Nordea’s institutional global custody business earlier this year.
New York, November 12, 2008 – J.P. Morgan announced that its Depositary Receipts (DR) Group will offer selected U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). Through this latest edition to its DR product suite, J.P. Morgan will enable all eligible Mexican stock exchange market participants to achieve the U.S. and global exposure that ETFs can provide, as well as benefit from the convenience of a peso-denominated security.
J.P. Morgan announced it has been retained by Centrais Elétricas Brasileiras S.A. (Eletrobrás), the largest electric utilities company in Latin America, to be the depositary bank for the company’s American Depositary Receipt (ADR) program listing on the New York Stock Exchange (NYSE).
J.P. Morgan announced it has been appointed depositary bank for the American Depositary Receipt (ADR) program for Ecopetrol S.A. J.P. Morgan will manage all aspects of the ADR program in the U.S. for Ecopetrol, the largest company in Colombia. Ecopetrol’s ADR is the first NYSE-listed program by a Colombian company in more than a decade.
J.P. Morgan announced that its GlobeClearsm business will now offer third party clearing for Warsaw Stock Exchange (WSE) members who wish to trade Polish securities. J.P. Morgan will be providing clearing and settlement capabilities to clients who want to transact in equities and fixed income products on the WSE. This latest offering marks the 23rd exchange supported directly by J.P. Morgan GlobeClearsm.
With the launch of this new European hub, J.P. Morgan is well positioned as a full service administrator for private equity firms and institutional limited partners in Europe. It is one of the only private equity administrators in the U.K. and the Channel Islands that can offer a range of banking services, including cash management and foreign exchange, as well as tax support services to its administration clients.
JPMorgan today announced an agreement with Shell Asset Management Company (SAMCo), the asset management arm of Royal Dutch Shell, enabling a global provision to service Shell corporate pension and insurance plans with total assets in excess of $70 billion. With this relationship, JPMorgan launches a range of sophisticated services for SAMCo and participating Shell pension funds, including fund accounting, fund administration and certain securities lending services all from segregated and/or pooled accounts that will prove to be a new market milestone.
William Kirst, head of J.P. Morgan’s Latin America Depositary Receipts (DR) business, said: “J.P. Morgan is proud to serve as the depositary bank for the Telmex Internacional ADR programs, as well as for the Telmex ADR programs. Thanks to clients like Telmex and Telmex Internacional, J.P. Morgan is the leading provider of DR services in Latin America with 49% of the marketplace and administers more Latin American DRs than any other bank.”
Accident Compensation Corporation of New Zealand confirmed that J.P. Morgan Investor Services was appointed as it offered the most comprehensive solution set available for ACC’s Australian Custody requirements. J.P. Morgan will provide a number of efficiencies to ACC operations, including real time reporting services via JPMorgan Access, a proprietary online custody and investment administration reporting tool.
In the first agreement of its type in East Timor, as well as providing traditional custodial services, J.P. Morgan will enable BPA officials to undertake capacity building in financial markets. J.P. Morgan will also provide mandate compliance monitoring and fund performance services to enable BPA to monitor their investment portfolio and evaluate their external fund managers.
J.P. Morgan, which currently services more than $70 billion in derivatives collateral, is offering the new automated reconciliation technology globally, representing the latest enhancement to its Derivatives Collateral Management (DCM) solution. This technology, which is designed to work in conjunction with TriOptima’s triResolve automated position reconciliation service, increases the efficiency and risk management of trading records.
J.P. Morgan Investor Services said it will lease approximately 100,000 square feet at 451 D Street in South Boston, will retain its offices at 1 Beacon Street and expects to hire more than 300 employees for its global funds services business over the next five years. The business provides accounting and administrative services for institutional investors globally.
J.P. Morgan’s new DR specialists in Argentina, Brazil and Singapore will provide a full range of services to companies that want to have their equity traded on exchanges beyond their home markets. The team includes three vice presidents: Bettina Garcia, who will head the local DR sales office in Buenos Aires and is also responsible for DR sales in Chile and Peru, Marcos Yokota, who will head local DR sales in Sao Paulo, and Sharon Tang, who will head the DR sales office in Singapore.
The new criteria cover some 50 categories, including adult entertainment, gambling, tobacco, weapons, country ties, board diversity, corporate governance, climate change and faith values. The service can be applied to clients’ custody or accounting records, with online reporting available through J.P. Morgan’s existing Web-based Compliance Reporting application.
JPMorgan Private Equity Fund Services (PEFS) developed DealVault to provide CFOs, deal and investor relations professionals with an advanced platform to centralize volumes of deal tracking information. DealVault integrates with accounting and back office systems, providing private equity investment professionals with one platform to administer every aspect of a private equity investment’s lifecycle.
J.P. Morgan Securities Company (SC) will be providing custody and asset administration services to Cavali for its portfolio of global securities. J.P. Morgan also provides services to several other central depositories, central banks, commercial banks, government institutions and corporations in the Latin America region.
JPMorgan Private Equity Fund Services (PEFS) will provide LPFA with a set of comprehensive services to give greater insight on the performance, concentration and risk across the alternative investment portion of their assets. The services include cash management, cash flow tracking, performance measurement and analytics. There is also a sophisticated board-quality reporting capability.
JPMorgan today announced it has been mandated by Devon County Council Pension Fund to provide global custody and related services for its £2.2 billion Fund. The mandate comes following a formal review by Devon County Council to consolidate all of its assets with one global custodian.
JPMorgan PEFS will manage and support various processes for AustralianSuper, including alternative investment performance and investor tracking, while also assisting with the streamlining of AustralianSuper’s private equity instructions process. JPMorgan’s technology is the result of 10 years of private equity fund administration experience.
Bhagesh Malde, head of JPMorgan Hedge Fund Services in Europe and Asia said: “Luxembourg is an important market for our existing and future hedge fund and fund of hedge fund clients, and opening a full service office there is an important part of our expansion strategy into additional domiciles to be closer to our clients and service them on the ground. As the Luxembourg market grows, we intend to grow with it.”
John Lewin, CEO of URALSIB Securities, said: “This gives our clients direct access to the Paris Bourse, Brussels Bourse, Amsterdam Stock Exchange and Lisbon Stock Exchange and underlines our strategy to be responsive to the demands of our clients with innovative solutions. JPMorgan is an ideal partner to help us provide the best possible service to our clients."
JPMorgan today announced that Chunghwa Telecom Co., Ltd. (“Chunghwa Telecom”) has switched the management of its American Depositary Receipts (“ADR”) program to JPMorgan effective 21 November 2007. Chunghwa Telecom’s ADRs are listed for trading on the New York Stock Exchange (“NYSE”), whilst its ordinary shares are listed for trading on the Taiwan Stock Exchange.
JPMorgan Worldwide Securities Services today announced it has been named successor depositary bank for the American Depositary Receipt (ADR) program of Sanofi-aventis, one of the world’s leading pharmaceutical companies. Sanofi-aventis’ ADR program is the largest in France and is among the top 10 ADR programs in Western Europe, as measured by number of ADRs outstanding.
JPMorgan Private Equity Fund Services (PEFS) will provide the State with a set of comprehensive services to give greater insight on the performance, concentration and risk across the alternative investment portion of the assets. The services include investment accounting, cash flow tracking and forecasting, reporting and analytics, as well as the ability to easily generate board-quality reports.
JPMorgan TSS announced the capstone of its strategic foothold in the wholesale banking market with the appointment of Jane Perry as Head of Worldwide Securities Services (WSS), Australia & New Zealand. Formerly COO of AXA Australia and New Zealand, she joins alongside Tony O’Neill who was recently appointed Head of Treasury Services (TS) Australia & New Zealand. Collectively, the two have over 40 years of business management experience in leadership roles across a broad range of functions.
JPMorgan today announced that it is acting as depositary bank for Financial Technologies (India) Limited (“Financial Technologies”). JPMorgan provides a full complement of ADR and GDR services to issuers seeking to have their equity traded on exchanges beyond their home markets. JPMorgan's primary services include DR Issuances and Cancellations, Stock Transfer, Tender and Exchange Offer and Subscription Rights Agency services, and Tax Reclamation services for investors.
J.P. Morgan Managed Account Solutions will provide John Hancock Private Client Group (JH PCG) with a variety of services to automate back office functions for their 5,000 separately managed accounts (SMAs). The J.P. Morgan services will include: shadow accounting, account reconciliation, account maintenance, performance calculation and trading. These services allow asset managers to reduce risk, streamline processes and improve services to their customers.
JPMorgan Private Equity Fund Services (PEFS) was top-rated overall for firms that provide administrative services to private equity firms. JPMorgan also secured the highest rankings from clients in North America and from clients of varying sizes from less than $100 million in committed capital to more than $10 billion, according to Global Custodian magazine, which conducted the survey.
JPMorgan has made a multi-million dollar investment in its US Agent Bank Clearing product, to expand its core clearance and custody systems to improve settlement of securities processes through the Depository Trust & Clearing Corporation (DTCC).
The JPMorgan grant will fund 16 concerts in the BYSO’s 50th anniversary season, which begins Sunday, October 7th at Boston’s Symphony Hall. The donation will also support the BYSO’s community outreach program, making 250 tickets available to local community youth groups that may not otherwise have the opportunity to attend orchestral concerts.
J.P. Morgan Worldwide Securities Services is the primary custodian and securities lending agent for American Century, but under the new arrangement, J.P. Morgan will be the sole provider for those services and will also provide fund accounting, financial reporting and tax services, pending contract finalization. The new services will be provided by J.P. Morgan’s Boston-based Fund Services unit, which is part of the firm's global integrated fund accounting platform with locations in the U.S., Europe and Asia.
J.P. Morgan Worldwide Securities Services will provide a wide range of custody and securities services including: global custody, fund accounting, compliance measurement, securities lending, foreign exchange and performance measurement. The Board will have a dedicated client service team with on-site client service in Olympia, WA.
JPMorgan Hedge Fund Services will provide fund accounting, financial reporting, transfer agency, partnership allocations and custody services to over $10bn of assets in portfolios managed by FRM.
J.P. Morgan Worldwide Securities Services provides the DSG Retirement and Employee Security Scheme with global custody and passive currency overlay services, and provides global custody for the George Wimpey pension plan.
Almacenes Exito (EXITO.BO), Colombia’s largest retailer, raised $392 million from the offering which, issued under Rule 144A and Regulation S of the U.S. securities law, allows investments to qualified institutional investors only. Exito’s stores sell consumer products, fresh products, apparel, home products and entertainment items.
WuXi PharmaTech is a leading China-based pharmaceutical and biotechnology research and development ("R&D") outsourcing company. It provides a broad and integrated portfolio of high quality chemistry, biology and manufacturing services in the drug discovery and development process to pharmaceutical and biotechnology companies.
J.P. Morgan has redesigned its Investment Analytics & Consulting technology and services, so it can offer detailed security-level, multi-currency performance measurement and analytics to insurance companies, asset managers and pension and endowment fund executives using third-party data.
J.P. Morgan Worldwide Securities Services today announced it has been appointed custodian for the ICI Specialty Chemicals Pension Fund. J.P. Morgan already provides custody services for the ICI Pension Fund, which provides pensions for ICI employees who work for a different part of the company.
J.P. Morgan Worldwide Securities Services became a leader in the custody industry by serving some of the world’s largest corporations, mutual funds, pension funds and insurance companies. Now, it is looking to significantly increase the number of clients in the Middle Market, which have up to $1 billion in assets. The business unit has created a dedicated team to provide custody services for not-for-profit institutions and mid-sized companies. It has also launched a new campaign with the firm’s Commercial Bank to expand business with existing clients.
The business, which earlier this year celebrated its 20th anniversary, acts in a fiduciary capacity for European collective investment schemes and is a top provider of services in Dublin, Frankfurt, Jersey, Luxembourg and the UK. T&F services have recently been expanded to include Belgium, China and Taiwan.
More than half of CommanD's existing client base includes large multi-national financial institutions, broker-dealers and asset managers including the World Bank, Resolution Asset Management, Standard Life Investments and JPMorgan Asset Management (UK), among others
Each Yingli Green Energy ADR represents one common share. A total of 29,000,000 American Depositary Shares were sold in the offering at a price of US$11 per ADR, resulting in a total offering size of US$319 million.
JPMorgan today announced that it has successfully re-opened American Depositary Receipt ("ADR") issuances and cancellations for Turkcell Iletisim Hizmetleri A.S. ("Turkcell"), effective 17 May 2007. Turkcell is the leading mobile communications provider in Turkey.
According to Fitzrovia, the independent data firm, JPMorgan Bank Luxembourg S.A. is the first 3rd party Luxembourg fund administrator to have $300 billion of assets under administration and is the largest custodian and fund administrator in Luxembourg.
Huw Jones joins as head of JPMorgan Private Equity Fund Services’ London office to expand the business throughout Europe and the Middle East, offering fund administration and portfolio administration to European and Middle Eastern private equity firms and to limited partners (investors).
Linktone is a leading provider of wireless interactive entertainment products and services in China. The company provides a diverse portfolio of services to wireless consumers, with a particular focus on media, entertainment and communications.
JPMorgan created and launched the first–ever ADR on April 29, 1927 for the U.K.’s Selfridges Provincial Stores Limited (now known as Selfridges PLC), the famous British retailer. The first ADR was listed on the New York Curb Exchange, the precursor to the American Stock Exchange.
The fund was valued at €18.8 billion at the end of 2006. The National Treasury Management Agency projects the value of the NPRF's property and private equity portfolios will be at least €2 billion each by 2009.
The new tools – Manager Consistency Analysis and Marginal Risk Analysis – are the latest from JPMorgan, and are designed to help asset managers and pension and endowment fund executives achieve greater risk-adjusted returns for investment portfolios.
JPMorgan will act as depositary bank for the Uttam Galva Steels Limited (“Uttam Galva”) Global Depositary Receipt (“GDR“) program. This is the first ever GDR listing on the Singapore Exchange Securities Trading Limited (“SGX”), established in conjunction with the company’s US$20 million Regulation S offering.
JPMorgan will provide fund accounting, fund administration, transfer agency and custody services for the new ETF that replicates the NYSE Arca Tech 100 Index, which represents 100 companies in the technology field and related industries. The ETF is expected to begin trading on the NYSE Arca, L.L.C. under the symbol (NXT) on March 26, 2007. Shares are expected to be available in the secondary market on March 28, 2007.
The new program means JPEX will establish formal alliances to provide services for Like-Kind Exchanges (LKEs), which are allowed under Section 1031 of the Internal Revenue Code, and allow taxpayers to defer capital gains on the exchange of business/investment property.
Knight began a review at the end of last year of its requirements for the clearing, settlement and related services of its on- and off-exchange trading activity. After the review, Knight reappointed JPMorgan GlobeClear, which has provided over the counter (OTC) and on-exchange securities clearing for Knight since 2004.
Under the agreement, JPMorgan will provide custody, accounting, monthly performance measurement, cash products and foreign exchange services, passive currency overlay, and commission recapture for the £13.9 billion* foundation.
Separately, JPMorgan Transition Management recently completed an asset restructure for the Southwark Pension Fund. The transition saw the restructure of £520m of equity assets divided among three fund managers.
JPMorgan Worldwide Securities Services will supply a full range of services including fund accounting, fund administration and custody services. The fund accounting, fund administration and regulatory services will be provided by JPMorgan’s U.S. Fund Services unit, which is based in Boston.
Shares of the first yen–based exchange traded fund (ETF) will begin trading today on the New York Stock Exchange. CurrencyShares Japanese Yen Trust (NYSE: FXY) tracks the daily price movement of its underlying currency, with shares of the trust representing approximately 10,000 yen.
Smith has more than two decades of business management experience in securities lending, collateral and cash management and capital markets. He has held several key positions in securities lending including managing director at HSBC Bank USA, NA and at Deutsche Bank, AG.
JPMorgan today announced that it has been appointed as depositary bank for the Intesa Sanpaolo American Depositary Receipt ("ADR") program, which replaced the previous Sanpaolo ADR program following the merger with Banca Intesa on January 1. The ADRs are traded on the OTC market in the US.
USS has approximately £29 billion of assets under management, of which around £24 billion is managed internally. JPMorgan has acted as global custodian and has provided securities lending services for USS since 1995.
In a landmark private equity outsourcing arrangement, the HM Capital fund administration team will become a part of JPMorgan Private Equity Fund Services (PEFS) and will continue to support HM Capital as a third party administrator.
JPMorgan will provide a wide range of global custody services and will also become the provider of ERS’ official accounting records for its investment management and plan sponsor operations.
JPMorgan will now provide global as well as domestic custody and securities services for the public employees’ retirement system and workers compensation insurance fund through its Worldwide Securities Services unit, which is part of JPMorgan Chase.
The services include shadow accounting, reconciliation, new account setup, performance calculation and account maintenance. JPMorgan will be providing services to Modern as an asset manager and as a sponsor.
The latest version of JPMorgan VIEWS gives institutional investors a “dashboard” homepage that quickly summarizes all assets, real–time intra–day reports and a Report Wizard that allows integration of data from numerous sources and extensive customization.
Kelley, an executive with more than 20 years of financial services experience, has held several key positions including most recently as Managing Director and Regional Business head of Citigroup’s Securities and Fund Services Europe, Middle East and Africa Division.
The hour–long Webinars will cover topics including: the Basics of IRC Section 1031, How to identify potential exchange beneficiaries, Qualified Intermediaries and when to use them, Tax and investment benefits of Like–Kind Exchange and LKE structures, plus many more.
Following The Mineworkers Pension Scheme’s recent benchmarking exercise and review, the Scheme has agreed to retain JPMorgan Worldwide Securities Services (WSS) as their £10.5 billion scheme’s custodian.
Following The British Coal Staff Superannuation Scheme’s recent benchmarking exercise and review, the Scheme has agreed to retain JPMorgan Worldwide Securities Services (WSS) as their £8.0 billion scheme’s custodian.
Freddie Mac (NYSE:FRE) today announced that it has selected JPMorgan Worldwide Securities Services to provide transaction processing and recordkeeping services for its approximately $700 billion portfolio of mortgage–backed securities and short–term assets. Freddie Mac is one of the nation’s largest investors in residential mortgages.
Burchell joins a team led by Benjie Fraser, Senior Vice President and head of business development for European pension funds at JPMorgan WSS, as part of WSS’s focus on pension funds and the administration of pension funds.
JPMorgan Worldwide Securities Services, a leading global provider of securities services, today announced that Rydex Investments has selected JPMorgan as depository for its six new currency–based exchange traded products.
Threadneedle Investments (“Threadneedle”) announced today that it has entered into exclusive negotiations with JPMorgan Chase Bank N.A. (“JPMorgan”) with the intention of appointing JPMorgan as Threadneedle’s chosen provider of outsourced Investment Operations services.
The Group of Thirty (G30) will hold a press conference to announce the findings of the "Global Clearing and Settlement: Final Monitoring Report" on Monday, May 22nd at 9 a.m. ET at JPMorgan headquarters in New York.
JPMorgan today announced that Jonathan Lloyd joined JPMorgan Worldwide Securities Services (WSS) as chief administrative officer for international regions, including Europe, Middle East and Africa (EMEA) and Asia Pacific (APAC). Lloyd reports to Liz Nolan, Regional Executive for Worldwide Securities Services in EMEA and APAC.
Chase to add 338 branches serving 600,000 households; will gain deposits of $15 billion. The deal will significantly strengthen Chase's leadership in New York City/Tri-State region and will increase small-business and commercial banking franchises, adding 100,000 small-business and 2,000 middle-market clients.
JPMorgan today announced that it has been appointed successor depositary bank by InterContinental Hotels Group PLC ("IHG") for its NYSE-listed American Depositary Receipt ("ADR") programme which backs its ordinary shares on the London Stock Exchange.
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.
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.
JPMorgan Worldwide Securities Services (WSS), a leading global provider of fund services, today announced it has agreed to acquire the middle and back office operations of Paloma Partners Management Company (Paloma). Paloma is part of a privately-owned investment fund management group, based in Greenwich, CT.
CUNA Mutual Group, the leading provider of financial services to credit unions, has selected Systems & Services Technologies, Inc. (SST), the nation's leading independent loan servicer, to provide auto loan servicing solutions to CUNA Mutual's collateral protection customers and their members.
