| Headline: JPMorgan Source: Euromoney Date: July 2001 Author: Julian Marshal The world’s best at custody
With nearly $6 trillion of assets under custody, of which $2.3 trillion are global custody assets, JPMorgan Investor Services continues to lead the market against its biggest competitors, the Bank of New York and State Street. What will please senior executives is the way it has kept the business running smoothly through the merger. Though there were few transition issues to deal with, as the old JPMorgan had no custody business, the operation continues to win praise from its clients, a high proportion of which are large institutional investors that demand increasingly sophisticated services. Euromoney’s sister magazine, Global Investor, which conducts the custody industry’s leading poll, once again ranked the custody operation number one overall for client satisfaction, best in Europe, and best global custodian as voted by insurance companies. | |||||||||||||||||||||||||||||||||||||||||