UK - JPMorgan Worldwide Securities Services has won pension custody mandates and related services from DSG Pension Trustees Limited and Taylor Wimpey.
Worth over £1.6bn, the mandates were formerly held by the Bank of New York (BNY) and Schroders.
JPMorgan will also provide DSG, the pensions arm of electronics retailer, Dixons Group, with global custody and passive currency overlay services.
Neither DSG nor Taylor Wimpey would comment on why they had dropped BNY. BNY was also unavailable for comment.
Benjie Fraser, head of UK pensions and charities for JPMorgan worldwide securities services, said: "We welcome the opportunity to work with pension funds of all sizes, as part of our stated full-scale commitment to this industry."
In late June 2007, Global Pensions reported that JPMorgan Worldwide Securities Services had secured five custody mandates from small pension funds.
This included the £20m Kingston Communications pension fund and the £354m Pilot’s National Pension Fund.
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