The leading knowledge platform for the financial technology industry
The leading 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: The missing piece of the data governance puzzle

This webinar has passed, but you can view the recording by registering here. Effective data governance delivers data quality and controls across the enterprise, and ensures financial institutions can meet regulators’ demands for transparency and full audit trails. But current approaches to data governance that rely on software and policies are ineffective without the right...

BLOG

SimCorp COO Steps Up to Role of CEO as Company Transforms to Technology-Enabled Service Provider

Change at the top as Christian Kromann, SimCorp COO and member of the executive management board since 2019, succeeds long-standing CEO Klaus Holse. The change takes effect tomorrow, 2 September 2021, and marks the end of an era for Holse, who has led the company for nine years. SimCorp says that over the past two...

EVENT

TradingTech Summit Virtual (Redirected)

Trading Tech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Corporate Actions USA 2010

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...