The CIB invests heavily in data and AI innovation, and Global Custodian recognized the firm’s data solutions platform, Fusion, which helps institutional investors manage the vast array of data they need to run their businesses and improve operational efficiency. Fusion gives clients easy access to custody, fund accounting and middle office data via API or the cloud.

Meanwhile, inducting Elson into its roster of “Legends,” the magazine said she has lifted the firm’s custody business to “new heights” and “expertly navigated complex market events.” In the last five years, her business has grown assets under custody by 14% to over $35 trillion at the end of 2024.

Elson becomes the latest J.P. Morgan executive to be included in the prestigious list for her work in “leading from the forefront and driving positive change across the market.” She follows in the footsteps of Tim Fitzgerald, global head of Securities Services, who was honored in 2024.

Fitzgerald congratulated Elson and the award-winning teams, saying: “These accolades recognize the fantastic work our Securities Services business does every day to help institutional investor clients manage their operations and data. They are a testament to first-class client service and the firm’s industry-leading innovations.”

Elson, who has worked at J.P. Morgan for nearly 30 years, has “established a reputation for building strong and diverse teams and expertly navigating complex business and market events. She has helped the asset servicer secure landmark global custody mandates throughout the world,” said Global Custodian, highlighting her work as a mentor and advocate for women in the industry and efforts to promote diversity, inclusion and mental health.

Going from strength to strength

The awards tally builds on the strong performance of the Securities Services business, which last year delivered record revenue of $5.1 billion. The business plays a central role in J.P. Morgan’s strategy to act as a complete counterparty to institutional investor clients, enabling the firm to meet their needs across the full investment life cycle.

In recent years, the business has focused on investments in technology to enhance the scale, efficiency and resiliency of its platforms. These have enabled the team to continue growing revenue and win major new mandates.

Evolving client needs are also fueling growth, with institutional investors increasingly turning to J.P. Morgan for help with data and analytics to navigate more complex markets and strategies.

Speaking at Investor Day, CIB co-CEO Troy Rohrbaugh said: “Our technology and scale are critical to being an end-game winner in this business. Not to mention the data in our Fusion platform, which opens up incredible potential for AI to further drive value for our clients and better enable productivity.”