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JPMorgan First TPA In Luxembourg To Reach $200 Billion Mark

JPMorgan Bank Luxembourg S.A. announced it is the first third party Luxembourg fund administrator to have $200 billion of assets under administration. Earlier in the year JPMorgan was also the first to reach $250 billion of assets under custody. In

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JPMorgan Bank Luxembourg S.A. announced it is the first third party Luxembourg fund administrator to have $200 billion of assets under administration. Earlier in the year JPMorgan was also the first to reach $250 billion of assets under custody.

In addition to the significant asset growth, JPMorgan continued toattract new business during 2005. During the year JPMorgan added 100 newfunds, a 25% increase to 493 funds, which includes the implementation offour large fund manager clients.

JPMorgan has been in Luxembourg for 32 years, growing significantly following the implementation of UCITS (Undertakings for the Collective Investment of Transferable Securities).

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