Henry Capra has joined J.P. Morgan as head of custody and funds services for Australia and New Zealand. He will be based in Sydney.
Capra will be responsible for all aspects of custody and funds services in Australia and New Zealand, including the overall strategic direction of the business.
He takes over from Mark Kelley, who has led the business since December 2011. Kelley will move into a full-time regional role as the Asia Pacific head of custody and fund services for J.P. Morgan’s investor services business.
He will also be based in Sydney. Capra will report to Kelley.
Capra commented: “J.P. Morgan has been on a journey in recent years to better partner with our clients in meeting their immediate and future needs in a highly competitive and rapidly evolving market. I am pleased to be joining the firm to continue this journey, and lead our growth and development initiatives in Australia and New Zealand.”
Capra has experience in business integration and enhancement, and product and technology development, which he gained in senior leadership roles with leading financial institutions, including his most recent position as COO at Blackrock Investment Management Australia.
Kelley said: “Capra’s appointment further strengthens our investor services offering in this market as we commence the next phase of our business. We have made significant investments in our Australian franchise and as a global bank, we recognise the importance of this dynamic in the fast growing local market.”
“Capra’s deep expertise and industry knowledge will help guide our business as we work to support the needs of our client base and continue our market leadership position.”
J.P. Morgan’s custody and funds services business safe-keeps, values, clears and services securities and portfolios for institutional investors and offers a range of core and specialised solutions to superannuation funds, investment managers and other institutional investors.
