JPMorgan custody mandate win

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US - Washington State Investment Board (WSIB) has dropped State Street Corporation in favour of JPMorgan as custodian and securities services provider for US$82bn in 16 retirement and 21 other public funds.

WSIB’s 2006 annual report showed SSC may have netted fees in the region of $13m for the its services in 2006. Theresa Whitmarsh, COO, WSIB, commented: “We hired JPMorgan for custody and securiti...

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