Oslo-based financial group Storebrand has renewed and expanded its mandate with J.P. Morgan’s Securities Services.
In addition to the global custody and depository services provided across the firm’s Nordic pension and fund division, J.P. Morgan’s Securities Services will also furnish Storebrand with global custody, depository and fund services for its Luxembourg-based fund offering.
As such, J.P. Morgan’s Securities Services now covers Storebrand’s NOK 750 billion listed asset portfolio
Arne Martin Moen, chief operating officer and head of investment operations and technology at Storebrand Asset Management, says: “It was important for us to find a partner that could both provide core services as well as the future technology and platforms needed to scale our business.
“Both Storebrand and J.P. Morgan have a strong focus on technological development using the latest technology which operates at the heart of financial services in today's world. We believe that this collaboration will unlock the potential to create new and better services for our clients."
Allan Nederggard, head of Nordic platform sales at J.P. Morgan, comments: “J.P. Morgan is excited to support Storebrand in its objectives to grow its client base and business in the Nordics as well as internationally, and achieve efficiencies through digitising their front-to-back operations.
“J.P. Morgan’s Securities Services is growing its platform and footprint in the Nordics and across Europe, and our agreement with Storebrand demonstrates our commitment to providing a best-in-class offering to the leading asset managers in the region.”
