Chilean asset manager LarrainVial Asset Management (LarrainVial AM) has appointed J.P. Morgan to provide its global custody and fund administration services.
The international bank will service LarrainVial AM’s fund portfolios in Cayman, Chile and Luxembourg.
Established in 1998, LarrainVial AM is the asset management division of LarrainVial, which has presence in six countries including Chile, Colombia, Mexico, Peru and the US.
Commenting on the mandate, Ladislao Larrain, CEO of LarrainVial, says: “J.P. Morgan’s integrated custody and fund administration solution, client-centric service model and commitment to the LatAm region were keys to our final decision to choose J.P. Morgan.
“They have already proven to be a strong, strategic partner and we are confident they will help support our global growth ambitions.”
Scott Markowitz, Americas head of custody at J.P. Morgan, adds: “We are proud to begin our partnership with LarrainVial and to support their business objectives as we grow our strong roster of LatAm clients in the custody and fund administration space.
“This mandate reinforces J.P. Morgan’s Securities Services differentiated capabilities and highlights our commitment to grow our institutional client base in Chile and the Latin America region.”
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