GLOBAL - JPMorgan Chase & Co. has combined its investor and issuer services capabilities forming a new global entity - JPMorgan Worldwide Securities Services.
The new business brings together the former JPMorgan Investor Services and Institutional Trust Services businesses, and will provide custody and investor services as well as securities clearance and trust services globally.
The combined business is expected to generate US$3bn in annual revenue.
The firm’s global transaction processing and information services franchise, JPMorgan Treasury & Securities Services (TSS), now comprises two core businesses – JPMorgan Worldwide Securities Services and JPMorgan Treasury Services.
Commenting on the change, Michael Clark, head of JPMorgan Worldwide Securities Services, said: “As clients respond to changes in the industry and regulatory environment, we will be able to anticipate their needs and help them react even more quickly to the ever-changing demands.”
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