The Royal Mail pension plan in the UK has consolidated 2.2 billion of assets with JP Morgan Worldwide Securities Services. The fund wanted to bring all of its segregated assets under one global custodian.
Royal Mail Pension Plan has approximately 22 billion of assets in all, and JP Morgan has acted as global custodian for Royal Mail Pension Plan since 1999.
“We were delighted that a valued client like Royal Mail Pension Plan has consolidated this additional 2.2 billion of assets with us,” says Richard Warne, head of relationship management at JP Morgan Worldwide Securities Services in Europe, Middle East and Africa. “We will continue to provide them with the top service we bring to all of our clients.”