Tag: JP Morgan

Mixed fortunes for European custodians with a combination of double-digit revenue growth and some large declines during the first quarter.

Proxymity is now backed by a consortium of global custodians, custody banks and issuer agents including BNY Mellon, Clearstream, Deutsche Bank, HSBC, JP Morgan, and State Street.

HSBC Securities Services hires former Citi and JP Morgan veteran to lead asset manager and asset owner sales and client managemet. 

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.