Custody banks report record high assets in Australia
Contributing to the record, top provider JP Morgan surpassed $1 trillion assets under custody, becoming the first provider to do so.
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.
New unit highlights the growing focus on data offerings for asset manager and asset owner clients as JP Morgan makes a statement move.
The ADGM license will enable the US bank to provide a more complete suite of products and services to clients directly in Abu Dhabi.
The US bank is building out a new client services team focused on delivering a global securities services model for asset managers.
JP Morgan has hired a 30-year veteran and GC Legend to oversee its activities with sub-custodians across the Europe, Middle East and Africa (EMEA) region.