J.P. Morgan chosen as custodian for BlackRock assets.
BANKING AND CREDIT NEWS-January 26, 2017-J.P. Morgan chosen as custodian for BlackRock assets
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J.P. Morgan's Corporate & Investment Bank has been selected by BlackRock, a global leader in investment management, to provide custody and fund services for over USD 1 trillion of its clients' assets, the company said.
J.P. Morgan expects to onboard the assets over the next two years.
J.P. Morgan's Corporate & Investment Bank is a global leader across banking, markets and investor services. With USD 20.5 trillion of assets under custody and USD 391bn in client deposits, the corporate & investment bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
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| Publication: | M2 Banking & Credit News (BCN) |
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| Date: | Jan 26, 2017 |
| Words: | 131 |
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