JPMorgan Worldwide Securities Services Selected By Uja-Federation Of New York For Custody & Accounting Services
JPMorgan chosen for experience, technology and services for endowment and foundations
New York, July 17, 2006 – JPMorgan Worldwide Securities Services, a leading global provider of securities services, today announced that it has been selected by UJA-Federation of New York to provide custody and accounting services for their $800 million pooled investment account.
“We chose JPMorgan Worldwide Securities Services because of our long standing relationship with the firm, the high level of quality service they have delivered over the years, and the overall efficiencies to be realized” said Lawrence Swilling, Controller, UJA - Federation of New York. “JPMorgan’s deep knowledge of the financial services industry, experience with endowments and foundations, and wide range of services, made them a perfect fit for our organization.”
JPMorgan also provides treasury services to UJA-Federation of New York and trustee services to its retirement plan.
“JPMorgan is proud to be working with such a respected philanthropic organization,” said Chris Lynch, Senior Vice President, JPMorgan Worldwide Securities Services. “JPMorgan’s global scale, wide range of services and advanced technology means we can help our clients easily manage their assets.”
For more information on the services provided by JPMorgan’s Worldwide Securities Services go to www.jpmorgan.com/visit/endowments_and_foundations
About UJA-Federation of New York
UJA-Federation of New York has a proven track record as a stable, secure venue for planned gifts and endowments. The world’s largest local philanthropy, UJA-Federation of New York strengthens community and helps 1.5 million people in New York City, Westchester County, and Long Island, as well as 3 million in Israel and 60 other countries. Funds raised by UJA-Federation sustain the activities of 100 health, human-service, educational, and community agencies. Every day, these community-based organizations provide a multitude of services that improve and enhance people’s lives.
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 custody and securities products and services to the world’s largest institutional investors and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 80 markets to help clients optimize efficiency, mitigate risk and enhance revenue through custody and investor services as well as securities clearance and trust services.
About JPMorgan Chase
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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