ANZ ETFs Management has appointed JP Morgan to provide global custody services for equity ETFs.
Six new ANZ ETFs will be listed on the ASX over the coming weeks, with JP Morgan to provide custody, fund, execution and FX services to three ANZ equity-linked products.
ANZ ETFS co-head Adam Smith said: “It was essential that our chosen listed equities custody provider have the capability to assist us in establishing the offering and delivering the services required to support our growth plans.”
“JP Morgan understands the markets business and our customers.”
JP Morgan Investor Services executive director and senior relationship manager David Brown said: “The role of the custodian continues to evolve and our partnership with ANZ ETFS is further evidence of this shift.”
“ANZ ETFS engaged JP Morgan in the early stages of this project to ensure the benefits of our custodial expertise and extensive knowledge supported the product development process,” Mr Brown said.
ANZ ETFS is a joint venture between ANZ and London-based ETF Securities.
Oil giant Saudi Aramco has managed to pull off the biggest IPO of all time, despite the odds. ...
Australian Ethical’s profits are set to soar, propelled by strong growth in funds under management (FUM). ...
ETF adoption is at record highs, according to a joint report from BetaShares and Investment Trends. ...
Get notifications in real-time for staying up to date with content that matters to you.
