Friday, 22 August 2014
Last updated 8 hours ago
May 3 2010 | 10:17am ET
JPMorgan Chase has struck a deal for Schroders’ private equity administration business.
Terms of the deal were not disclosed, but it will add $6.2 billion in assets under administration to J.P. Morgan Worldwide Securities Services, which already oversees $225 billion. It also gives JPMorgan’s p.e. administration unit a base in Bermuda and Guernsey, where Schroders’ effort is based.
“This acquisition emphasizes our commitment to continuing to build out our industry-leading private equity administration offering," said Conrad Kozak, CEO of Worldwide Securities. "It allows us to expand the global footprint of our private equity administration business, while at the same time allowing us to further deepen our relationship with Schroders.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note