JPMorgan Worldwide Securities Services says the Ohio Treasurer of State’s Office has appointed the bank to provide custody and accounting services on a global as well as a domestic basis for $92 billion of assets invested by the Ohio state public funds.
“JPMorgan will give Ohio the industry’s best technology, global products and services, as well as a local client service team,” says Ed Mollahan, senior vice president and head of Pension Client Management, JPMorgan Worldwide Securities Services. “The Ohio taxpayer, the funds and the Treasurer’s office will see benefits from using one firm to provide all these services.”
JPMorgan will now provide global as well as domestic custody and securities services for the public employees’ retirement system and workers compensation insurancefund through its Worldwide Securities Services unit, which is part of JPMorgan Chase. JPMorgan Chase has 334 locations and 17,445 employees in Ohio.