JP Morgan Worldwide Securities Services has hired Mark Kelley from Citigroup to lead JP Morgan Fund Services, its custody, accounting, investment operations and administrative services arm for mutual fund companies in the US.
Kelley was most recently the Managing Director and Regional Business head of Citigroup’s Securities and Fund Services Europe, Middle East and Africa Division. He is to become a senior vice president and head of Fund Services for JP Morgan Worldwide Securities Services.
“JP Morgan, with the hiring of Mark Kelley, will be furthering its commitment to the mutual fund marketplace,” says Conrad Kozak of JP Morgan. “Mark Kelley knows the market well and will look to further expand the range of products and services, so we will clearly be recognized as a leading provider in the funds services industry.”
“Mutual fund companies are facing increasing demands from investors and higher expectations of transparency from regulators, as well as continuous pressure to further improve their processing efficiency,” adds Kelley. “JP Morgan’s ability to package solutions across the full spectrum of services is a key element to our continued success. Through our continuous investment in people and technology, we have the premier platform in the industry that provides our clients with a best-in-class service.”