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Money Management Executive

JPMorgan to Act as Global Custodian for ISIS

March 26, 2003, 1:00 a.m. EST 1 Min Read

JPMorgan Investor Services announced yesterday it has been appointed by the ISIS Asset Management to serve as a custodian for its estimated $12 billion in assets, including more than 50 of the ISIS retail collective investment funds. JPMorgan Trustee Services will act as depository and trustee for the fund complex.

Under the terms of the deal, JPMorgan will offer a wide array of securities products including analyst research, investment guidance, compliance monitoring and short-term investment funds. It will also offer a cost management benchmark and review.

"JPMorgan’s strong track record in the mutual fund arena and its expertise and leading service capabilities will support our goal to be one of the top five UK fund managers by 2005," said ISIS Chief Operating Officer Ken Back.

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