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.
Sydney boutique fund manager Microequities Asset Management (MAM) saw its profit and funds under management dive in financial year 2019, wit...
MLC Wealth has announced that it will be simplifying its advice business to create a more sustainable advice model for the future. ...
Bell Financial Group (BFG) has reported a first-half profit after tax of $15.9 million, a 63 per cent increase from the previous correspondi...