JPMorgan Builds Strategic Platform For Managed Account Business
New York, December 15, 2004-- JPMorgan Investor Services announced today it is expanding its full-service outsourcing for managed account administration team with the appointment of Steve Boyle as Director of Managed Account Operations and Brett Rainey as Vice President of Managed Account Operations.
Mr. Boyle and Mr. Rainey bring excellent credentials to JPMorgan from their roles within leading managed account operations and asset management firms.
Based in Brooklyn, New York, Steve Boyle is responsible for developing and directing the operational infrastructure supporting JPMorgan's robust managed account servicing platform. With more than 20 years of financial services experience, Steve spent the previous seven years as Director of Operations for Bear Stearns' managed account program. Prior to that, he served for three years as Director of Operations at an asset management firm.
Brett Rainey is located in Boston, Massachusetts. In his new role, Brett is responsible for the operations that support the firm's managed account business and will work closely with Steve Boyle. Brett brings considerable knowledge to JPMorgan, including his tenure at MFS Investment Management, where he helped establish the operations department for their new managed account servicing team.
"We are committed to investing in capabilities that will help our clients optimize efficiency, mitigate risk and enhance their revenue. Both Steve and Brett bring impressive qualifications and extensive knowledge to our managed account administration business, which will help us deliver the world-class service our clients expect from us" said Virginia Meany, Global Fund Services Product Executive.
About JPMorgan Investor Services' Full-Service Outsourcing for Managed Accounts
JPMorgan Investor Services, through a strategic alliance with Vestmark, offers a comprehensive servicing solution for investment managers seeking to outsource their managed account administration. The firm's managed account service enables asset managers to grow their business without investing in building and maintaining their own platform. JPMorgan's managed account service supports multi style and multi currency portfolios and also supports industry standard technologies, such as FIX, SWIFT and OASYS. Asset managers benefit from the firm's leading edge technology solutions that support portfolio construction and monitoring, tax efficient management and straight through processing capabilities. The firm also offers asset managers solutions to enable the online ability to benchmark performance throughout each stage of the investment cycle and calculate "alpha capture opportunities," with the Plexus product suite, a premiere transaction cost analysis tool.
About JPMorgan Investor Services
JPMorgan Investor Services, a division of JPMorgan Chase & Co., provides investor related services in more than 80 markets to mutual funds, investment managers, pension funds, insurance companies, endowments, foundations and banks throughout the world. Information about JPMorgan Investor Services is available on the Internet at www.jpmorgan.com/investorservices.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.1 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers and businesses, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. has its corporate headquarters in New York and its U.S. retail financial services and commercial banking headquarters in Chicago. Under the JPMorgan, Chase and Bank One brands, the firm serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients. Information about the firm is available on the Internet at www.jpmorganchase.com.