J.P. Morgan Launches Cfo Tools In Australia
Gold Coast - In response to local demand for intelligent reporting services that offer transparency to underlying portfolio data and fair value pricing, J.P. Morgan announced today the launch of CFO Tools, a sophisticated analytics program that offers forensic portfolio analytics and investigation capabilities for Australian and New Zealand clients.
CFO Tools will enable Funds investing in private equity to deepen their understanding of their underlying portfolios. The program will enable Funds to ensure completeness, validity and accuracy of management fees and increased transparency to better understand performance fees, while also assisting with individual audit requirements.
“Australian Funds represent some of the most sophisticated institutional investors in the world,” said Jane Perry, CEO of Worldwide Securities Services. “They are working with increasingly complex financial instruments within a difficult economic climate and naturally require a range of intelligent data reporting services that can validate and reconcile alternative assets in real time.”
CFO Tools will complement J.P. Morgan clients’ existing risk management processes; reduce operational risk and overhead costs while increasing administration efficiencies. The program’s capabilities will also arm Funds with tools to comply with annual audit requirements.
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services (WSS) is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), WSS 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 and $3.7 trillion in funds under administration. For more information, please visit www.jpmorgan.com.au/wss
About JPMorgan Chase & Co.
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 Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com
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