JP Morgan has announced the firm's reappointment as SIX Securities Services’ direct custody and clearance (DCC) provider for Australia and New Zealand.
SIX Securities Services, the national central securities depository for Swiss financial markets, has been a client of the bank’s for more than two decades, and JP Morgan head of custody and fund services Australia and New Zealand, Nadia Schiavon, said the firm is pleased with the outcome.
“With an extensive global footprint, JP Morgan’s DCC business is an important and growing offering for the firm and long-term partnerships with clients such as SIX SIS form the bedrock of our business,” she said.
SIX Securities Services’ head of markets and clients, Valerio Roncone, said the existing relationship between the two businesses was one of the drivers behind the decision, as well as their shared focus on operational efficiency.
“JP Morgan’s proven ability to deliver flexible solutions, its deep understanding of our business and the strength of relationships we have with the firm’s specialist service teams played an important role in our ultimate decision to reappoint the firm,” he said.
Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now.
Despite the Australian economy’s ongoing rapid recovery, an Australian equity head believes GDP growth will “fade” in 2022. ...