The Teachers’ Retirement System Of Oklahoma Selects JPMorgan Worldwide Securities Services To Provide Custody-Related Services For $8 Billion Asset Portfolio
JPMorgan will provide Custody, Securities Lending, Fund Accounting, Performance Measurement and Compliance Reporting services
Oklahoma City, OK and New York - October 31, 2006 - The Teachers’ Retirement System of Oklahoma today announced that it has selected JPMorgan Worldwide Securities Services to provide custody-related services for its $8 billion asset portfolio.
JPMorgan will provide custody, fund accounting, securities lending, performance measurement and compliance reporting services.
“We chose JPMorgan because we felt it was the best firm to help us reach our goal of maximizing gains, minimizing losses and protecting the retirement benefits of Oklahoma’s educators,” said Tommy Beavers, Executive Secretary, Teachers Retirement System of Oklahoma. “JPMorgan is a leading provider of securities services, has deep industry experience and offers advanced technology that will give us more information about our assets faster and in greater detail.”
“JPMorgan is proud to be working with The Teachers’ Retirement System of Oklahoma, which represents more than 100,000 educators,” said Ed Mollahan, senior vice president and head of Pension Client Management, JPMorgan Worldwide Securities Services. “JPMorgan has a dedicated pension services team that works with the largest pension funds in the world, helping them control costs and increase efficiency.”
JPMorgan offers a wide variety of services for Pension funds including custody, securities lending, benefit payments and trustee services, fund accounting, fund administration, performance measurement and compliance. For more information visit on JPMorgan Worldwide Securities Services go to www.jpmorgan.com/visit/pensions/public
About Teachers’ Retirement System of Oklahoma
Teachers’ Retirement System of Oklahoma was created in 1943 and has grown to over 8 billion dollars in assets. Employees of more than 600 local school districts, career technology schools, public colleges and universities are enrolled as members of the TRS. As of June 30, 2005, TRS had 138,245 members (84,286 active contributing, 13,080 inactive and 40,879 retired members).
About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is the global industry leader with $12.9 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world’s largest institutional investors, alternative asset managers and debt and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment 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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