London, 10 June 2010
J.P. Morgan Worldwide Securities Services
today announced that J.P. Morgan
has been awarded a mandate to provide custody and related services to BankInvest
, a leading asset manager and provider of investment funds in the Nordic region
of total assets under management and administration.
will provide custody services to 28 listed investment funds managed by BankInvest
with approximately $9bn
assets under custody.
The mandate was awarded following a tender of both Danish
and global custody providers.
Previously, domestic banks based in Denmark
had acted as custodians to BankInvest
Francis Jackson, Head of Business Development for J.P. Morgan Worldwide Securities Services EMEA
“We are delighted that BankInvest has selected J.P Morgan to provide custody services. Our significant investments in technology, and the broad scope of our services, mean we are well positioned to serve BankInvest’s complex requirements.”
Allan Nedergaard, Director, J. P. Morgan Europe (UK), Copenhagen Branch
|Scandinavian sense of investment
“We are uniquely positioned as a global custodian with local Danish FSA approval to act as depositary for mutual fund clients regulated in Denmark. The BankInvest mandate demonstrates the success of our strategy to provide local capabilities supported by our global size. We look forward to leveraging our global reach, and understanding of the local market, to provide BankInvest with custody and related solutions.”
|Christina Larsen, Managing Director of BankInvest and BI Management A/S
“We are pleased to have appointed J.P. Morgan as custodian to provide quality, competitive custody services to our investors,” said Christina Larsen, Managing Director of BankInvest and BI Management A/S
, the administration arm of the asset manager.
“BankInvest and our investors will now benefit from J.P Morgan’s global reach and significant technology investment.”
The agreement with J.P. Morgan Europe (UK) Copenhagen
branch is conditional on the approval of the Danish Financial Supervisory Authority.
is a leading asset manager and provider of investment funds in the Nordic region
with total assets under management and administration of DKK 147 billion
has eight listed mutual funds comprising 28 sub-funds
and manages assets for approx. 250,000 private investors
and close to 100 institutional investors in Denmark and internationally
founded in 1969, is owned by just below 50 local and regional Danish Banks.
For more information, go to
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., 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
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