J.P. Morgan’s current head of fund services, Chris Rowland, has been promoted to the global head of the custody business, effective immediately.
Rowland will report to Nick Rudenstine, who is global head of custody and fund services. He will continue to support fund services to ensure an orderly transition.
Rowland has leadership experience in custody roles. He replaces Andrew Betts, who has led the custody business for the past 18 months. Betts is leaving J.P. Morgan.
Sophie Jellef has also been promoted to head of the prime custody solutions group, which will become a part of the custody and fund services group under the current head, Rob Ward.
Devon George-Eghdami, who was head of the prime custody solutions group, will take up another role, due to be announced later this year.
