JP Morgan extends Securities Services to Schroder Investment Management

JP Morgan Worldwide Securities Services has decided to provide fund accounting, OTC derivatives services and compliance reporting to Schroder investment Management’s UK range of retail funds. JP Morgan already provides 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 JP 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.” Schroders is a global asset management company with approximately $148 billion under management as on 31 March 2009. JP Morgan Worldwide Securities Services, a division of JPMorgan Chase Bank, is a securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers.