Neuberger Berman Extends Its Custody Partnership With J.P. Morgan

Jun 11, 2019

Neuberger Berman Extends Its Custody Partnership With J.P. Morgan

11 June, 2019

Sydney —Neuberger Berman has appointed J.P. Morgan to provide custodial and fund administration services to the asset manager’s $2 billion of Australian unlisted unit trust assets. This new mandate follows J.P. Morgan’s custodial role in the successful launch of the listed $413 million NB Global Corporate Income Trust (ASX: NBI) in 2018.

Bryan Gray, Head of Sales and Relationship Management, Securities Services, Australia and New Zealand, said “J.P. Morgan is uniquely positioned to support global asset managers in the Australian market and we are delighted to expand our partnership with Neuberger Berman.”

“The depth of J.P. Morgan’s servicing capabilities ensure we are well-equipped to support Neuberger Berman’s business in Australia and partner in their growth plans and future product launches following the success of NBI,” he said.

Matt Thompson, Head of Intermediary Distribution for Neuberger Berman, commented, “Our recent announcement to offer new units in the NB Global Corporate Income Trust, along with our plans to launch several managed funds, demonstrates our commitment to the Australian marketplace.”

“The exceptional support from J.P. Morgan in the listing of NBI has provided us with the confidence and impetus to expand our partnership,” he said.

“J.P. Morgan is a first-class Custody and Fund Administration provider for global asset managers in Australia and we have deep expertise in partnering with asset managers on their listed product launches,” said Mr. Gray.

He continued, “With the strength of our domestic and offshore service teams and industry leading reporting capabilities, we ensure that our clients consistently meet their reporting obligations.”

J.P. Morgan is the largest overall provider of custodial services in the Australian custody market, with $798 billion of Assets under Custody1, providing a range of broader capabilities, including Asset Management, Fixed Income, Equities, Investment Banking and Treasury Services.

About J.P. Morgan

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.7 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at

About Neuberger Berman

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 23 countries, Neuberger Berman’s team is more than 2,100 professionals. For five consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). Tenured, stable and long-term in focus, the firm has built a diverse team of individuals united in their commitment to delivering compelling investment results for our clients over the long term. That commitment includes active consideration of environmental, social and governance factors. The firm manages $455 billion2 in client assets as of March 31, 2019. For more information, please visit our website at



2 Neuberger Berman, as of March 31, 2019. Exchange rate 1 USD = 1.4092 AUD


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