JP Morgan wins SIX mandate in Australia and New Zealand

Renewal of agreement comes after competitive tender process.

By Jon Watkins

JP Morgan has been re-appointed by SIX Securities Services to provide direct custody and clearing services in Australia and New Zealand after a competitive tender process.

SIX conducted a review of its clearing and custody provider in the region opting to retain its relationship with JP Morgan.

SIX Securities Services, head of markets and clients, Valerio Roncone, commended JP Morgan’s focus on operational integrity and efficiency.

Nadia Schiavon, head of custody and fund Services, Australia and New Zealand at JP Morgan said, “We are very pleased that JP Morgan has been selected to continue to provide DCC services for SIX SIS in this market after a thorough tender and due diligence process.

“With an extensive global footprint, JP Morgan’s DCC business is an important and growing offering for the firm and long term partnerships with clients such as SIX SIS form the bedrock of our business.”