PGGM appoints J.P. Morgan as third custodian 09 April 2013Holland Reporter: Georgina Lavers
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Dutch asset manager PGGM has chosen J.P. Morgan as its third custodian.
Marc van den Berg, COO of investment management at PGGM said: “During the selection process over the last nine months we got acquainted with the professionalism and skills of employees of J.P. Morgan and their resilience in meeting our objectives. We are keen to get this relationship started.”
Francis Jackson, head of investor services of EMEA at J.P. Morgan said: “We are delighted that PGGM has selected J.P. Morgan to provide custody and related services. This is an endorsement of J.P. Morgan’s capabilities, demonstrating the success of J.P. Morgan in a highly competitive marketplace.”
“The Dutch market is an extremely important and established market for J.P. Morgan and we continue to make significant investments to enable us to continue to service the needs of our clients and retain our position as the market leader."
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