About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

J.P. Morgan Appoints New Head of Worldwide Securities Services in Luxembourg

Subscribe to our newsletter

J.P. Morgan Worldwide Securities Services (WSS) today announced the appointment of Laurent Vanderweyen to the new role of Head of Worldwide Securities Services in Luxembourg. Mr. Vanderweyen will also serve as Managing Director of the board for J.P. Morgan Bank Luxembourg S.A.

Mr. Vanderweyen’s expanded responsibilities include driving business development and providing business leadership while managing key clients and maintaining relationships with local regulators. Additionally, Mr. Vanderweyen will be responsible for overseeing local corporate functions and infrastructure.

Mr. Vanderweyen was previously General Manager of J.P. Morgan Bank Luxembourg S.A. and Head of WSS Operations for Luxembourg, where he led the local teams in developing J.P. Morgan’s global footprint across its fund accounting and transfer agency departments.

Commenting on the appointment, Francis Jackson, Market Executive, Worldwide Securities Services, EMEA, at J.P. Morgan, said: “Luxembourg is a key market for J.P. Morgan, having surpassed $500 billion in assets under custody. Given the significance of the market, it is vital that we have a strong leadership team on the ground and Mr. Vanderweyen’s experience, combined with his local market knowledge, is second to none. It will be a considerable asset in further establishing J.P. Morgan as the leading securities services provider in Luxembourg.”

Mr. Vanderweyen added: “Luxembourg offers huge potential for J.P. Morgan, our clients and the asset servicing market more generally.  I am pleased to be leading J.P. Morgan Worldwide Securities Services in Luxembourg and look forward to continuing to build on the success of the business as we capitalise on the growth opportunities the market and our established expertise afford.”

J.P. Morgan’s Luxembourg assets under custody stood at $533 billion and assets under administration were $405 billion, and the custodian holds an 18% share of the Luxembourg market, according to Lipper.  Lipper has recognised J.P. Morgan as the largest custodian in Luxembourg for the last 11 years.

J.P. Morgan has been in Luxembourg for 37 years. The bank employs over 600 staff along with more than 100 people employed at J.P. Morgan Asset Management in Luxembourg; this makes it the largest J.P. Morgan location in continental Europe.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Integrating Intelligent Machine Readable News

Intelligent machine readable news is a powerful tool in the arsenals of trading and investment firms seeking competitive advantage. It turns unstructured data into actionable insight and can be used, for example, to uncover market trends, identify correlations and evaluate sentiment. In turn, it can inform quant strategies and predictive models. While machine readable news...

BLOG

SmartStream Chief Jaffer Sees Rapid Change in Year at Helm

Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Entity Data Management Handbook – Sixth Edition

High-profile and punitive penalties handed out to large financial institutions for non-compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations have catapulted entity data management up the business agenda. So, too, have industry and government reports on the staggering sums of money laundered on a global basis. Less apparent, but equally important, are...