US - JPMorgan Investor Services has been selected by the Dallas Police and Fire Pension System as custodian for its US$1.9bn in assets. The Dallas Police & Fire Pension System's public defined benefit plan is one of the largest retirement plans for police officers and firemen in the US.
JPMorgan will provide domestic and global custody, accounting, securities lending, performance and analytics, and compliance reporting to System.
JPMorgan Treasury & Securities Services will also provide local banking services including checking, controlled disbursement and automated clearinghouse.
This deal further solidifies JPMorgan as one of the major providers of custody services to the public fund segment, said William Wasp, client relationship manager.
It also enhances JPMorgan’s reputation as the custodian of choice in the state of Texas where we are already the custody provider for the Employees Retirement System of Texas.
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