J.P. Morgan has made an investment in Arcesium, marking a partnership that is set to combine Arcesium’s middle office and treasury solutions with J.P Morgan’s fund administration solutions.
This combination of J.P. Morgan’s Securities Services and investment management and technology professional services firm. Arcesium’s technology is set to offer clients more ‘flexible’ models to integrate middle and back-office operation models via the Arcesium platform.
J.P. Morgan’s securities services business provides independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners.
According to J.P. Morgan, the servicing of its hedge funds, private equity and alternatives has grown ‘substantially’ in recent years, with the help of Arcesium’s technology platform.
Gaurav Suri, CEO of Arcesium, commented: “We appreciate the additional vote of confidence demonstrated by this investment. J.P. Morgan has been an important client and partner to us for a number of years and we look forward to working together to bring joint solutions to market.”
Teresa Heitsenrether, global head of securities services, J.P. Morgan, stated: “This investment and collaboration underscores J.P. Morgan's continued focus in the alternatives segment.”
“The combination of J.P. Morgan’s securities services and Arcesium’s innovative technology is driving more scalable solutions to our clients. Through its partnership with Arcesium as a technology provider, J.P. Morgan has offered its alternative asset manager clients solutions to their most complex operations and data management challenges,” Heitsenrether said.
David Nable, managing director and head of commercial strategy at Arcesium, added: “J.P. Morgan is an industry leader in securities services and we have long valued the opportunity to help them streamline and automate operations for their alternative asset manager clients, driving efficiency and innovation through technology,”
Terms of the investment were not disclosed.
