J.P. Morgan completes Danske Invest transition 29 February 2024Denmark Reporter: Lucy Carter
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J.P. Morgan’s Securities Services has completed the transition of Danske Invest’s fund ranges in Denmark, Luxembourg and Guernsey.
The completion follows a three-and-a-half-year transition process.
J.P. Morgan’s Securities Services will now provide fund administration and global custody in the three jurisdictions, along with fixed income price brokerage services for Danske’s alternative funds.
Morten Rasten, executive director at Danske Invest, comments: “The new strategic partnership with J.P. Morgan [is] an important step to simplify our fund operating model across fund domiciles.
“A strong operating platform is a prerequisite for Danske Invest when it comes to providing our investors high product quality, including performance and sustainability, and is as well identified as a growth lever within Danske Bank Asset Management 2028 strategy.”
Allan Nedergaard, head of Nordic platform sales at J.P. Morgan, says: “Our end-to-end platform will help create a more streamlined operating model across all the funds in the various jurisdictions.”
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