London, 20 June 2011 - J.P. Morgan's Worldwide Securities Services business has won two awards at the annual Financial News Investor Services Awards Europe: Best Securities Lending Agent and Best Asset Servicer.
The Financial News Investor Services Awards aim to provide the definitive and authoritative industry view of performance by the leading players in the European institutional investment, fund management, custody and asset servicing industries. Financial News appointed a judging panel of more than 50 senior practitioners from across Europe to vote on the nominees in each category.
According to Financial News's results, J.P. Morgan's clients said the firm's securities services business worked with them to come up with low-risk innovative options to help them lend securities again as markets recovered. On the asset servicing side of the business, J.P. Morgan worked with asset managers, larger institutional investors and with internal investment teams to create efficient and innovative structures that could handle an increasingly sophisticated trading environment.
Francis Jackson, EMEA Markets Executive, J.P. Morgan Worldwide Securities Services, said: "These awards are testament to our ability to work with a broad spectrum of clients to help them manage their risk, optimize efficiencies and focus on their investment objectives and end clients."
Paul Wilson, International Head of Relationship Management and Business Development for Securities Lending, J.P. Morgan Worldwide Securities Services, said: "We are delighted to have received the securities lending accolade, which reinforces our ability to consistently work closely with our clients, offering them innovative lending solutions and asset structures in a competitive market."
Nominees for the Best Securities Lending category included eSecLending, HSBC Securities Services and Northern Trust, while BNY Mellon, SEI Investment Management Services and State Street were nominated for Best Asset Servicer.
About J.P. Morgan Worldwide Securities Services
J.P. Morgan Worldwide Securities Services is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. Worldwide Securities Services leverages the firm's unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $16.6 trillion in assets under custody and $7.5 trillion in assets under administration. For more information, go to www.jpmorgan.com/visit/wss.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.