J.P. Morgan

The three largest global custodian banks have enjoyed hefty increases in the total assets under custody and administration in the March quarter as markets continued to rebound. BNY Mellon is still the biggest. BNY Mellon remained the largest in the world, by a whisker, ahead of State Street, but third-placed J.P. Morgan Chase, America’s largest…

Front-to-back services and market activity have helped the big global asset servicing companies to record levels of assets under custody and administration in the March quarter, despite falling interest income. State Street emphasised the success of its front-to-back offering, which it calls ‘State Street Alpha’, with the quarterly Wall Street earnings statement (April 16) coinciding…

NAB Asset Servicing is expected to be confirmed as the asset servicing partner of the combined LGIAsuper and Energy Super following competitive pitches between the incumbents of both funds. Thomas Murray was adviser to the new $20 billion fund. The win is a major victory for NAB Asset Servicing (NAS). It is the biggest contested…

J.P. Morgan has increased its lead on the other major third-party asset servicing firms in Australia, with an 18.7 per cent jump in assets under custody to $973.2 billion in the six months to December last. The latest figures from the Australian Custodial Services Association, compared with the six months to June, represent a strong…

Bryan Gray, a genuine stalwart of, and major contributor to, the strong position of Australia and New Zealand’s asset servicing sector, has retired. He spent 12 years at State Street followed by nearly 20 years at J.P. Morgan. Gray is the only person to have been chair of the Australian Custodial Services Association twice, in…

London-based global manager Man Group has launched a high-conviction Asia ex-Japan equities strategy following the recruitment of Andrew Swan from BlackRock and a small team to be based in Sydney and Hong Kong. Swan, who spent the past nine years running, at first, BlackRock’s Asian fundamental equities strategies and then Asian-plus-emerging-markets funds, has focused on…