JPMorgan Treasury Services announced today that it had been selected by CLS shareholder Banco Popular Espaol to provide CLS third party services.
Morgan says Banco Popular Espaol, the third largest banking group in Spain, selected it after an extensive review of third party services providers because of its reputation within the market and competitive pricing, as well as its liquidity and credit offering.
Brian Wedge, CLS Product Manager at JPMorgan, commented: “This is a significant win for us, particularly because Banco Popular Espaol is a CLS shareholder and has been highly involved with CLS since inception. The fact that JPMorgan was selected is testimony to the strength of our offering and our commitment to CLS and the third party services market.”