J.P. Morgan Expands European Pension Custody Business
London - J.P. Morgan’s Worldwide Securities Services business today announced it was appointed to provide custody and related services to Stichting Pensioenfonds Vopak, the pension fund of the Netherlands-based company, which is the world’s largest bulk liquid storage provider.
Vopak’s pension fund, which has a total value of approximately €600 million, appointed J.P. Morgan to support the fund’s recent appointment of BlackRock as its fiduciary manager.
Benjie Fraser, Practice Lead for J.P. Morgan Worldwide Securities Services’ pension fund business in Europe, said: “We are delighted to support the Vopak pension fund as we continue to expand our work with pension funds across Europe. In addition, fiduciary managers are increasingly important for pension fund trustees, so we are pleased to be able to support Vopak’s pension fund and similar structures throughout Europe.”
John Gout, head of business development and relationship management for J.P. Morgan Worldwide Securities Services in the Benelux region, said: “We are dedicated to working in the Dutch market with fiduciary managers and pension funds of all sizes as part of our overall strategy to offer firm-wide solutions to our clients.”
BlackRock is one of the world’s leading asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets.
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of J.P. Morgan Chase Bank, N.A. (NYSE: JPM), WSS leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $14.9 trillion in assets under custody and $5.1 trillion in funds under administration. For more information, go to www.jpmorgan.com/visit/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.0 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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