JPMorgan Launches Private Equity Fund Services In UK
Huw Jones joins as head of JPMorgan Private Equity Fund Services’ London office
London,- JPMorgan Worldwide Securities Services today announced it has launched JPMorgan Private Equity Fund Services business in the UK to expand the business throughout Europe and the Middle East, offering fund administration and portfolio administration to European and Middle Eastern private equity firms and to limited partners (investors).
With over $100 billion in assets under administration, JPMorgan Private Equity Fund Services offers a full suite of services to the private equity community. For private equity funds, JPMorgan PEFS offers comprehensive fund administration services, including middle and back office outsourcing services such as investor tracking, fund accounting, tax support services and investor reporting. For institutional investor limited partners, JPMorgan provides portfolio administration services to clients seeking support in the management and reporting of their alternative investment portfolios.
As part of the expansion, Huw Jones has joined as head of Private Equity Fund Services’ London office. Jones, a chartered accountant who has extensive experience in the private equity industry, was most recently CFO of a UK-based biotechnology venture capital firm. In addition to heading the London office, Jones will focus on providing fund administration services to private equity firms in the region. He will report directly to James Hutter, head of Private Equity Fund Services.
Robert Caporale, CEO of JPMorgan Private Equity Fund Services, said, “This is an exciting time of growth and expansion for our Private Equity Fund Services business, and Huw’s strong background and deep industry experience will help us to build out the business in Europe and the Middle East. Expanding the team in Europe is very timely given the recent focus in the region on increased disclosure and professional management of private equity firms. Bringing Huw onboard will enable us to support the administrative needs of European private equity sponsors and investors.” For more information on JPMorgan PEFS go to www.jpmorgan.com/visit/PEFS.
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