22 September 2017
visit www.avoka.com

Private equity new target for JPMorgan back office outsourcing

14 November 2005  |  6962 views  |  0 JPMorgan

JPMorgan Worldwide Securities Services (JPMorgan WSS) has launched a new unit dedicated to providing fund administration services to the booming private equity markets.

JPMorgan Private Equity Fund Services (JPM PEFS) will provide middle and back office outsourcing of fund administration services such as fund and partnership accounting, tax support and comprehensive reporting services to private equity firms and limited partners. The bank has assigned 100 staff to the new unit.

Robert Caporale, who has been named as head of JPMorgan PEFS, comments: "Private equity fundraising is booming, and private equity CFOs want to hire one firm that they trust to handle all of their accounting and operations requirements."

The business will seek to develop relationships and cross-sell a wide range of complementary treasury products, including transaction advisory, cash management, credit, escrow, custody, foreign exchange and derivatives.

Says Caporale: "JPMorgan is well positioned to be the premier one-stop firm for high-quality fund administration. Our services enable private equity managers to focus on what they do best - building investor wealth."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Schroders and JPMorgan call time on outsourcing

Schroders and JPMorgan call time on outsourcing

01 July 2005  |  12636 views  |  0 comments
JPMorgan wins £7bn Cazenove mandate

JPMorgan wins £7bn Cazenove mandate

17 December 2004  |  4328 views  |  0 comments

Related company news


Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.sibos.comvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
12746 views comments | 26 tweets | 42 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9577 views comments | 6 tweets | 3 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8278 views comments | 18 tweets | 27 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
8064 views comments | 13 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
7672 views comments | 16 tweets | 1 linkedin

Featured job

New York, NY - USA (some flexibility on location)

Find your next job