HSBC Securities Services hires former Citi and JP Morgan veteran to lead asset manager and asset owner sales and client managemet.
Tag: JP Morgan
Ohio State Treasurer stated in a memo the move would “reduce overall fees" from its current custodian.
The $35 billion super fund decided to defer the move from a ‘risk management perspective’, given the extreme market volatility caused by the COVID-19 virus.
JP Morgan has now moved up to number two in the global custody rankings with just under $27 trillion of assets under custody.
Banks are attempting to find ways to reduce their capital-intensive repo trading activity in order to avoid penalties.
JP Morgan continues to cement status as largest asset servicer in Australia with key extension of AUD$12 billion super fund.
The launch of the platform marks the latest success for AccessFintech, which originated from JP Morgan’s FinTech incubator and went live just six months ago.
The MarketAxess trade confirmation engine aims to reduce risks and provide greater post-execution control by automating the process.
JP Morgan has developed a DLT-based system alongside Baton Systems to speed-up and automate post-trade margin payments.