UK - The £3.6bn London Pensions Fund Authority (LPFA) has re-appointed JPMorgan as its global custodian.
JPMorgan has provided custody services for LPFA since 1991 and also provides accounting, performance measurement and securities lending services.
The move continues JPMorgan’s strong performance in the UK custody space, achieving over £18bn in new UK pension custody wins in the fourth quarter 2006.
That success was replicated in the US market, where in the last two months JPMorgan was appointed to provide custody and asset services for around US$113bn in pension assets.
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