WSIB Hires JPMorgan as Custodian & Securities Services Provider for $82 Billion in Assets.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Washington State Investment Board (WSIB WSIB Workplace Safety and Insurance Board WSIB Washington State Investment Board ) has hired JPMorgan to provide custody and securities services for the Board's more than $82 billion in assets. The Washington State Investment Board manages investments for 16 separate retirement funds for public employees, teachers, school employees, law enforcement officers, firefighters and judges. It also manage investments for 21 other public funds See Fund, 3. See also: Public that support or benefit industrial insurance, colleges and universities, developmental disabilities developmental disabilities (DD), n.pl the pathologic conditions that have their origin in the embryology and growth and development of an individual. DDs usually appear clinically before 18 years of age. and wildlife protection. JPMorgan Worldwide Securities Services will provide a wide range of custody and securities services including: global custody, fund accounting, compliance measurement, securities lending Securities Lending When a brokerage lends securities owned by its clients to short sellers. Notes: This allows brokers to create additional revenue (commissions) on the short sale transaction. , foreign exchange and performance measurement. The Board will have a dedicated client service team with on-site client service in Olympia, WA. "We hired JPMorgan for custody and securities services because they offer all the core services The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. we need including daily accounting, compliance and performance reporting. They have the right technology and people to provide the best service for our funds," said Theresa Whitmarsh, COO of Washington State Investment Board. Michael Clark, JPMorgan Worldwide Securities Services CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. said: "JPMorgan is proud to be working with the Washington State Investment Board, which has more than 25 years of experience in financial investment management. We will provide the Board with an expert team, dedicated client service and the best technology available in the industry today." JPMorgan will provide services for all of the Board's investments, which include 36 separate funds for: * Retirement (defined benefit and defined contribution) for public employees, teachers, school employees, law enforcement officers and firefighters. * Deferred compensation programs * Judicial retirement accounts * Industrial insurance funds for injured workers and their employers, permanent funds to benefit schools, colleges, and universities * Trust funds including the GET College Tuition Program and the Developmental Disabilities Endowment Fund, and Game & Special Wildlife Fund For more information on JPMorgan Worldwide Securities Services go to www.jpmorgan.com/visit/pensions/public About JPMorgan Worldwide Securities Services JPMorgan Worldwide Securities Services, a division of JPMorgan Chase Bank, N.A., is a global industry leader with $15.2 trillion in assets under custody. JPMorgan provides innovative custody, fund accounting and administration and securities services to the world's largest institutional investors, alternative asset managers and equity issuers. JPMorgan Worldwide Securities Services leverages its scale and capabilities in more than 90 markets to help clients optimize efficiency, mitigate risk and enhance revenue through a broad range of investor services as well as securities clearance, collateral management and alternative investment services. About JPMorgan Chase JPMorgan Chase & Co. (NYSE NYSE See: New York Stock Exchange : JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ) is a leading global financial services firm with assets of $1.5 trillion and operations in more than 50 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 Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. , JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com. |
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