Addition of industry veteran follows appointment of head of direct custody for the Americas last month.
Tag: JP Morgan
GC Legend and former Quintillion founder Joan Kehoe steps away from the business as JP Morgan promotes alternatives specialists to lead growing unit.
Contributing to the record, top provider JP Morgan surpassed $1 trillion assets under custody, becoming the first provider to do so.
The two hires rounds of a string of top appointments the US bank has made for its global securities services business this year.
The joint offering would support Hill Country to scale their middle- and back-office functions in a quicker manner.
JP Morgan is anticipating AuA to rise further to $700 billion by the end of year, which would represent a 40% increase in the last 18 months.
The two US banks have been relatively unscathed by the blow-up of hedge fund Archegos Capital in March, which resulted in losses of over $10 billion for Wall Street.
Third partnership in as many months for JP Morgan’s asset management-focused data and analytics offering.