JP Morgan Completes Outsouring Transactions For Asset Managers

JP Morgan's Worldwide Securities Services (WSS) business has completed two migrations of assets from an existing middle- and back-office services provider to its own platform, on behalf of fund managers Artemis Investment Management (Artemis) and JP Morgan Asset Management.
The range of services WSS now provides these clients includes custody, fund administration, investment operations and derivatives services.
Migrating fund managers from other providers is, according to WSS, a significant industry milestone, providing the buy side with flexibility and new options for their middle- and back-office services.
Asset managers on JP Morgan's "componentized" platform, designed to support a range of fund types including alternative investments, can choose the functions they want the bank to provide and those they wish to retain, and receive consistent data across all of their funds.
JP Morgan Asset Management, the investment arm of JP Morgan Chase, moved its assets from BNY Mellon to JP Morgan Worldwide Securities Services earlier this year, while Artemis, which had previously used BNP Paribas Securities Services and HSBC Securities Services as its service providers, moved to JP Morgan's platform simultaneously, and completed the migration within 12 months.
"Providing middle- and back-office services to these two fund managers on our existing platform enables more efficient processing," says Susan Ebenston, global fund services executive at JP Morgan Worldwide Securities Services. "It ensures our clients benefit from the ongoing investment we make in our technology and can focus on their core business of investment management with minimal disruption, better serving their own clients."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Trading Tech
The Consolidated Audit Trail faces an uncertain fate—yet again
Waters Wrap: The CAT is up and running, but with a conservative SEC in place and renewed pressure from politicians and exchanges, Anthony says the controversial database faces a death by a thousand cuts.
ICE’s snowball effect: Intercontinental Exchange keeps leash tight on infrastructure
Voice of the CTO: Stuart Williams talks about why the exchange has been so adamant about “controlling” its infrastructure and technology, and how that helped it manage intense market volatility.
Aussie super fund overhauls investment platform with BlackRock Aladdin
Aware Super’s Project Odin includes implementations of BlackRock Aladdin, eFront and GoldenSource EDM
Nasdaq looks to Thailand, Broadridge grows patent portfolio, GenAI concerns, and more
The Waters Cooler: MarketAxess gains majority control of RFQ consortium, the Bloomberg Terminal integrates with BNP’s Exane, and Isda extends reg reporting support to new Canadian rules in this week’s news roundup.
Growing pains: Why good data and fortitude are crucial for banks’ tech projects
The IMD Wrap: Max examines recent WatersTechnology deep dives into long-term technology projects at several firms and the role data plays in those efforts.
Overnight trading gets another boost with deal between FactSet’s LiquidityBook and Blue Ocean
FactSet’s recently acquired LiquidityBook OMS will grant buy-side clients access to overnight trading on Blue Ocean.
Optiver relies on BMLL market data for quant strategy
The market-maker has built its trading business on top of BMLL’s Level 3 data. But the collaboration is young, and the pair have grand plans to make options the next quant frontier.
Bloomberg expands IBVAL; the SIPs and 24/5 trading; Broadridge’s agentic play, and more
The Waters Cooler: State Street embraces interop, Citi’s CIO outlines the XiNG risk platform, power companies explore alternative nuclear supply options to datacenters, and more.