J.P. Morgan seals $31 billion in custodian contracts
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J.P. Morgan seals $31 billion in custodian contracts 30 June 2014Luxembourg Reporter: Catherine Van de Stouwe
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J.P. Morgan Investor Services has confirmed winning a collective $31 billion from three custodian contracts in the last year.
Ranked as the largest custodian bank in Luxembourg, Morgan Stanley Investment Management has renewed its contract with J.P. Morgan as custodian and fund administrator for its Luxembourg fund range.
J.P. Morgan has become the depositary bank and fund administrator for the Jupiter Group’s Luxembourg Société d'Investissement à Capital Variable (SICAVs). The contract also includes J.P. Morgan being mandated to provide custody and fund accounting services to Jupiter’s UK Investment Trusts and pension funds.
The third contract saw J.P. Morgan appointed as depositary bank and fund administrator for the Santander Asset Management’s Luxembourg fund ranges.
Francis Jackson, head of investor services sales at J.P. Morgan, said: “J.P. Morgan brings a wealth of experience, expertise and market intelligence.”
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