The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

JPMorgan Selected by MainePERS as New Global Custodian and Securities Lending Provider

JPMorgan Worldwide Securities Services, a provider of global custody and fund services, today announced that it has been selected by the Maine Public Employees Retirement System (MainePERS) to provide custody and securities services for the State’s US$10.5 billion in assets.

JPMorgan will provide a wide range of custody and securities services including: global custody, fund accounting, performance analytics, alternative asset administration, compliance monitoring, securities lending, transition management, foreign exchange, and cash management.

Andrew Sawyer, chief investment officer for MainePERS, said: “We chose JPMorgan because they offer the complete breadth of services we require. We are impressed with the strength of the firm, their commitment to the public pension market – and we believe they have the right combination of customer service and technology to provide the best service for our funds. In addition, as MainePERS looks to increase our allocation into alternative investments, JPMorgan clearly has the expertise and tools to provide the administration, reporting, and transparency that we desire.”

Robert Caporale, head of new business development – Americas for JPMorgan Worldwide Securities Services, said: “JPMorgan is proud to have been selected by MainePERS. We will provide the State of Maine with an outstanding set of global securities services delivered with award-winning technology by an expert team. This is the latest in a series of JPMorgan deals in the public pension space, demonstrating our commitment to this important market segment.”

Related content

WEBINAR

Upcoming Webinar: Brexit: Reviewing the regulatory landscape and the data management response

Date: 11 May 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes With Brexit behind us and the UK establishing its own regulatory regime having failed to reach equivalence with the EU, financial firms face challenges of double reporting, uncertainty about UK regulation, and a potential exodus of top talent. The...

BLOG

FINOS and Goldman Sachs Release Legend Open Source Data Management Platform

In pursuit of data collaboration and standardisation across capital markets, the Fintech Open Source Foundation (FINOS) and Goldman Sachs have released Legend, the bank’s flagship data management and data governance platform. The source code for five of the platform’s modules is available from FINOS. Goldman Sachs contributed its PURE logical modelling language and Alloy platform...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Dealing with Reality – How to Ensure Data Quality in the Changing Entity Identifier Landscape

“The Global LEI will be a marathon, not a sprint” is a phrase heard more than once during our series of Hot Topic webinars that’s charted the emergence of a standard identifier for entity data. Doubtless, it will be heard again. But if we’re not exactly sprinting, we are moving pretty swiftly. Every time I...