Cazenove Capital signs JPMorgan as securities services provider
JPMorgan today announced that Cazenove Capital Management is now live with JPMorgan's global custody, fund administration and fiduciary solution.
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Cazenove Capital Management (CCM) selected JPMorgan as its main securities services provider for its £4 billion of UK and Irish funds after a rigorous review of service providers.
Mike Neilson, Chief Operating Officer at CCM, said: "We are pleased with the way in which this conversion was managed. JPMorgan's team of dedicated professionals has successfully migrated our funds onto their platform on time and on budget. We have achieved our goal of consolidating our outsourcing arrangements into a more efficient solution."
Richard Warne, head of client management for the Worldwide Securities Services business of JPMorgan in EMEA, said: "We are delighted to have been able to meet the needs of Cazenove Capital Management. This migration is yet another testament to the sophistication of our technology and the quality of our people."
The next phase will be the custody transition of the remaining £6 billion of private and institutional client assets managed by CCM, which is planned for completion during 2006.