John Hancock Financial Services has expanded its relationship with JPMorgan Investor Services (JPMIS) by awarding the bank custodianship of $30 billion of general account assets.
John Hancock Financial Services, one of the largest insurance and financial services companies in the US, has a relationship with Morgan that includes credit, distribution and cash management as well as custody.
“We are particularly pleased with this appointment by John Hancock Financial Services as it solidifies our position as a leading custody services provider in the insurance industry,” says Mary Kay Orr, Global & North American Client Management Executive of JPMorgan Investor Services.