JPMorgan to Provide UK Fund Accounting and Derivatives Services for UBS Global Asset Management
London - J.P. Morgan today announced it has been appointed to provide fund accounting and global derivatives services for UBS Global Asset Management’s UK funds, which have $20 billion under management.
The appointment is an extension of the services J.P. Morgan already provides for UBS Global Asset Management in the UK, which include custody and related services. UBS Global Asset Management will continue to provide fund accounting for its funds in other markets.
J.P. Morgan’s Edinburgh-based fund servicing centre will provide the services.
Matthew Stemp, Head of UBS Global Asset Management in the UK, said: “Our decision to appoint J.P. Morgan as the service provider for our UK fund range was based on a desire to select a partner who could best meet our demands for the highest quality standards. We believe J.P. Morgan is best placed to deliver this.”
Francis Jackson, head business development and relationship management in EMEA at J.P. Morgan Investor Services, said, “We welcome the opportunity to extend our global relationship with UBS Global Asset Management into UK fund accounting, and are delighted to have the opportunity to work with them in this capacity.”
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 $13.2 trillion in assets under custody. For more information, go to www.jpmorgan.com/visit/is.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 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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