JPMorgan Worldwide Securities Services has been appointed custodian for the ICI Specialty Chemicals Pension Fund.
JPMorgan already provides custody services for the ICI pension Fund, which provides pensions for ICI employees who work for a different part of the company.
In addition to custody, JPMorgan will also provide investment accounting services to the ICI Specialty Chemicals Pension Fund. The fund has 400 million of assets.
“We are delighted to provide custody to ICI Specialty Chemicals Pension Fund, extending our relationship with ICI,” says Benjie Fraser, head of UK pensions and charities for JPMorgan Worldwide Securities Services. “This mandate is further testament to our commitment to offer services to pension funds of all sizes.”