JPMorgan hires Kelley to head fund services

"JPMorgan, with the hiring of Mark Kelley, will be furthering its commitment to the mutual fund marketplace," said Conrad Kozak, JPMorgan Securities Company Executive. "Mark Kelley knows the market well and will look to further expand the range of products and services, so we will clearly be recognized as a leading provider in the funds services industry."

Kelley, an executive with more than 20 years of financial services experience, has held several key positions including most recently as Managing Director and Regional Business head of Citigroup's Securities and Fund Services Europe, Middle East and Africa Division. Based in London, he managed the custody and clearing services, fund accounting and fund administration businesses. Responsible for strategic planning and business development he directed all of the banks security related services across 24 countries. In his new role, Kelley is a senior vice president and head of Fund Services for JPMorgan Worldwide Securities Services. He reports to Conrad Kozak and will be based in New York.

"Mutual fund companies are facing increasing demands from investors and higher expectations of transparency from regulators, as well as continuous pressure to further improve their processing efficiency," Kelley said. "JPMorgan's ability to package solutions across the full spectrum of services is a key element to our continued success. Through our continuous investment in people and technology, we have the premier platform in the industry that provides our clients with a best-in-class service."