J.P. Morgan Awarded New Custody Mandate by John Lewis

London - J.P. Morgan’s Worldwide Securities Services business today announced that it has been awarded a mandate to provide custody and related services to The John Lewis Partnership Pensions Trust.

J.P. Morgan will provide custody, accounting, performance measurement, FX, compliance, cash sweep and securities lending services to The John Lewis Partnership Pensions Trust, which has in excess of £2 billion in total assets under management. The securities lending program was specifically designed to meet The John Lewis Partnership Pensions Trust requirements and brought together J.P. Morgan’s firm-wide capabilities with its best-in-class solutions. The complex transition required global coordination with J.P. Morgan’s borrower network to immediately meet the client’s collateral investment funding requirements.

“We found J.P. Morgan’s offering to be superior to its competitors, including the scope of its securities lending, accounting and performance measurement services, and have been very impressed with its highly efficient on-boarding program,” said Andrew Chapman, The John Lewis Partnership’s Pension Investment Manager.

Benjie Fraser, Practice Lead for J.P. Morgan Worldwide Securities Services’ pension fund business in Europe, said: “We are delighted that The John Lewis Partnership has selected J.P Morgan to provide custody and related services to its pension fund. We are excited to be working with John Lewis and are very pleased to provide a full suite of products to meet the specific needs of this important UK pension fund as we continue to expand our work in this sector across Europe.”

About The John Lewis Partnership
The John Lewis Partnership operates 28 UK department stores, johnlewis.com, 225 Waitrose supermarkets and Greenbee.com, a direct services company. The business has an annual turnover of over £7.4bn. It is the UK’s largest example of worker co-ownership where all 70,000 staff are Partners in the business. For more information, go to www.johnlewispartnership.co.uk.

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 J.P. Morgan 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 $15.3 trillion in assets under custody and $6.5 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 $2.1 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 and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.