MFS Investment Management Selects JPMorgan Worldwide Securities Services For Custody & Fund Accounting
New York, January 9, 2007 - JPMorgan Worldwide Securities Services, a leading global provider of fund services, today announced that MFS Investment Management has selected the firm to provide custody, fund accounting and securities lending services for a portion of its assets under management.
The services will be provided by JPMorgan’s Boston-based Fund Services unit, which is part of the firm’s global integrated fund accounting platform with locations in the U.S., Europe and Asia.
“We are delighted to be working with MFS, a firm that prides itself on leadership and innovation,” said Michael Clark, head of JPMorgan Worldwide Securities Services. “JPMorgan Fund Services will take care of their back office needs, so MFS can concentrate on what they do best -- bringing value to their advisors and fund shareholders.”
JPMorgan Worldwide Securities Services offers a suite of services that allows investment managers to outsource their operational and administrative infrastructure. For more information on JPMorgan’s Fund Services offerings go to www.jpmorgan.com/visit/fundaccounting
MFS is a premier global money management firm with investment offices in Boston, London, Mexico City, Tokyo and Singapore. The firm’s history dates back to March 21, 1924, and the establishment of the first “open-end” mutual fund.
About JPMorgan Worldwide Securities Services
JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a 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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