JP Morgan Completes Outsouring Transactions For Asset Managers
JP Morgan's Worldwide Securities Services (WSS) business has completed two migrations of assets from an existing middle- and back-office services provider to its own platform, on behalf of fund managers Artemis Investment Management (Artemis) and JP Morgan Asset Management.
The range of services WSS now provides these clients includes custody, fund administration, investment operations and derivatives services.
Migrating fund managers from other providers is, according to WSS, a significant industry milestone, providing the buy side with flexibility and new options for their middle- and back-office services.
Asset managers on JP Morgan's "componentized" platform, designed to support a range of fund types including alternative investments, can choose the functions they want the bank to provide and those they wish to retain, and receive consistent data across all of their funds.
JP Morgan Asset Management, the investment arm of JP Morgan Chase, moved its assets from BNY Mellon to JP Morgan Worldwide Securities Services earlier this year, while Artemis, which had previously used BNP Paribas Securities Services and HSBC Securities Services as its service providers, moved to JP Morgan's platform simultaneously, and completed the migration within 12 months.
"Providing middle- and back-office services to these two fund managers on our existing platform enables more efficient processing," says Susan Ebenston, global fund services executive at JP Morgan Worldwide Securities Services. "It ensures our clients benefit from the ongoing investment we make in our technology and can focus on their core business of investment management with minimal disruption, better serving their own clients."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
Bond tape hopefuls size up commercial risks as FCA finalizes tender
Consolidated tape bidders say the UK regulator is set to imminently publish crucial final details around technical specifications and data licensing arrangements for the finished infrastructure.
If M&A picks up, who’s on the auction block?
Waters Wrap: With projections that mergers and acquisitions are geared to pick back up in 2025, Anthony reads the tea leaves of 25 of this year’s deals to predict which vendors might be most valuable.
The Waters Cooler: A little crime never hurt nobody
Do you guys remember that 2006 Pitchfork review of Shine On by Jet?
Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T
Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.
After acquisitions, Exegy looks to consolidated offering for further gains
With Vela Trading Systems and Enyx now settled under one roof, the vendor’s strategy is to be a provider across the full trade lifecycle and flex its muscles in the world of FPGAs.
Enough with the ‘Bloomberg Killers’ already
Waters Wrap: Anthony interviews LSEG’s Dean Berry about the Workspace platform, and provides his own thoughts on how that platform and the Terminal have been portrayed over the last few months.
BofA deploys equities tech stack for e-FX
The bank is trying to get ahead of the pack with its new algo and e-FX offerings.
Pre- and post-trade TCA: Why does it matter?
How CP+ powers TCA to deliver real-time insights and improve trade performance in complex markets.
