J.P. Morgan Worldwide Securities Services Appointed By Russian Private Equity Firm
The mandate is J.P. Morgan’s first by a Russian private equity firm
London, J.P. Morgan Worldwide Securities Services today announced that its Private Equity Fund Services business has been appointed by Marshall Capital Partners, a Russian private equity firm, to provide private equity fund administration. Marshall Capital, whose investors include Russian institutional and international investors, has $2.5 billion of assets under management.
The appointment is J.P. Morgan’s first for its Private Equity Fund Services in Russia. Marshall Capital is an existing client of J.P. Morgan Treasury & Securities Services, which provides escrow and global cash management services for the firm.
Huw Jones, regional head of J.P. Morgan Private Equity Fund Services in EMEA, said: “Our quality reputation and superior service delivery, our existing relationship and our strong Corporate Banking presence in our Moscow office helped us to extend our relationship with Marshall Capital.” “During these turbulent market conditions, private equity firms and their investors are increasingly looking to work with a trusted provider of independent administration, like J.P. Morgan.”
J.P. Morgan’s Private Equity Fund Services provides top-rated private equity administration services to more than 200 funds managing $200 billion in alternative assets. It has offices in London, New York, Jersey (Channel Islands), Sydney, Chicago, Dallas and San Francisco. The global bank offers cash management and foreign exchange services in addition to fund administration. In the 2008 Global Custodian Private Equity Fund Administration Survey, J.P. Morgan received best-in-class recognition across 43 service categories, securing more top ratings than any other administrator.
For more information on J.P. Morgan Private Equity Fund Services, please visit www.jpmorgan.com/pefs.
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, go to www.jpmorgan.com/visit/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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