The hire will help develop and grow FNZ's business in the Nordic region for the financial and securities industry.
JP Morgan will provide a full range of custody services for VER’s equity and fixed income portfolios, valued in the region of €8 billion.
The renewal continues a 14-year relationship between the two firms, after AP7 carried out a detailed procurement process that started in March last year.
Securities services veteran takes on new post-trade role as part of a transformation programme at Danske Bank.
The launch of the Finland direct custody service marks the completion of a 14-year build-out of its Nordic sub-custody business by the US bank.
SEB loses head of investor services for Finland after over a decade with the bank.
Deal for VP Securities will give the European exchange group a CSD presence in the Nordics and boost its post-trade offering.
Regulatory and operational costs factors may require regional CSDs to band together and overcome these new pressures.
The mandate will include global custody and fund administration services for Storebrand's AIF and UCITS Luxembourg-domiciled funds.