JPMorgan Re-appointed Custodian for Plumbing and Mechanical Services Pension Scheme
London - J.P. Morgan’s Investor Services business today announced it has been re-appointed custodian by the trustee of The Plumbing and Mechanical Services (UK) Limited Pension Scheme.
The Trustee of the £1 billion scheme has also appointed J.P. Morgan to provide fund accounting and performance measurement services. The scheme is already part of J.P. Morgan’s securities lending program, and has been a client of J.P. Morgan since 1996.
Benjie Fraser, head of J.P. Morgan Investor Services’ pensions group, said: “We are delighted to have been reappointed by, and asked to provide additional services to, a valued client like the trustee of the Plumbing and Mechanical Services Pension Scheme. J.P. Morgan seeks to make available a full and seamless suite of services to support clients of all sizes and types.”
About J.P. Morgan Investor Services
J.P. Morgan Investor Services is a premier asset servicing provider that helps institutional investors and alternative asset managers optimize efficiency, mitigate risk and enhance revenue. Part of J.P. Morgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., Investor Services leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $14.4 trillion in assets under custody and $5.4 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/is.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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