Royal Mail Pension Plan Consolidates £2.2 Billion Of Assets With JPMorgan Worldwide Securities Services
7 June 2006
London, – Royal Mail Pension Plan has consolidated £2.2 billion of assets with JPMorgan Worldwide Securities Services in a move to bring all of its segregated assets under one global custodian.
Royal Mail Pension Plan has approximately £22 billion of assets. JPMorgan has acted as global custodian for Royal Mail Pension Plan since 1999.
Richard Warne, head of relationship management at JPMorgan Worldwide Securities Services in Europe, Middle East and Africa, said, “We were delighted that a valued client like Royal Mail Pension Plan has consolidated this additional £2.2 billion of assets with us. We will continue to provide them with the top service we bring to all of our clients.”
For more information about JPMorgan Worldwide Securities Services, please visit www.jpmorgan.com/wss.
About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is the global industry leader with $11.7 trillion in assets under custody. JPMorgan provides innovative securities services as well as clearance and trust services to the world’s largest institutional investors and debt and equity issuers. For more information, please visit www.jpmorgan.com/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.
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