JPMorgan Buys Schroders Private Equity Admin.

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.”


In Depth

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note