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Headline: Best at custody and transaction services Source: Euromoney Date: July 2000 Chase When Lloyds TSB decided to pull out of custody last year, it recommended State Street as the preferred provider to its clients. This did not stop Chase Manhattan from eyeing up a business opportunity. The bank took aim and cherry-picked prime unit trusts fund clients from the business. “We targeted eight names with a total of £25 billion ($37.5 billion) in assets and we won six of them with assets of £21 billion, so that has added substantially to our business and given us a 33% market share of the unit trust market,” says Jeremy Jewitt, head of its global investor services division. |
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