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

Recorded Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU and UK authorities. It has also changed dramatically following the UK government’s failure to reach equivalence...

BLOG

Australian Superannuation Fund QSuper Selects Matrix IDM for Integrated Data Management Solution

QSuper, one of Australia’s largest superannuation funds, has selected Matrix IDM’s data management product to provide a fully integrated solution across security, pricing, positions, accounts, risk, performance, and corporate actions data. The fund was looking for an off-the-shelf data warehouse to support a data strategy project that would create a vendor and custodian agnostic data...

EVENT

RegTech Summit New York City

Now in its 5th year, the RegTech Summit in NYC explores how the North American financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Regulatory Data Handbook – Third Edition

Need to know all the essentials about the regulations impacting data management? Welcome to the third edition of our A-Team Regulatory Data Handbook which provides all the essentials about regulations impacting data management. A-Team’s series of Regulatory Data Handbooks are a great way to see at-a-glance: All the regulations that are impacting data management today...