J.P. Morgan to Extend Securities Services Relationship with Schroder Investment Management

London - J.P. Morgan Worldwide Securities Services today announced it will provide fund accounting, OTC derivatives services and compliance reporting to Schroder Investment Management’s UK range of retail funds.

J.P. Morgan already provides custody, accounting, OTC derivative compliance reporting, securities lending, trust & fiduciary, cash and foreign exchange services to Schroders, and services the company from Australia, Hong Kong, Luxembourg, the US and the UK.

Francis Jackson, head of business development and relationship management in EMEA for J.P. Morgan Worldwide Securities Services, said, “We are delighted to be able to expand our global relationship with Schroders. We believe our successful partnership with our client is based on superb service and world class product. Our ability to deliver fund accounting excellence consolidated across a client’s European fund base allows our clients to manage risk effectively.”

Markus Ruetimann, Group Chief Operating Officer of Schroders, said, “We maintain an extensive global operational footprint with J.P. Morgan across many products and locations. Consolidating custody and UK fund accounting services with one provider makes sense as it reduces operating expenditure and increases operational efficiencies for both parties.”

Schroders is a global asset management company with £103.1 billion ($147.7 billion / EUR 111.3 billion) under management as at 31 March 2009. Clients include major financial institutions such as pension funds, banks and insurance companies, local and public authorities, governments, charities, high net worth individuals and retail investors. Schroders has one of the largest networks of offices of any dedicated asset management company and over 250 portfolio managers and analysts covering all the major investment markets (www.schroders.com)

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 $13.5 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
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, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.