Best at investor services
Despite another strong showing from State Street, JPMorgan continues to hold on to top spot in investor services. It has won this award, previously known as global custody, four times in five years.
Capping another good year for the investor services division, JPMorgan recently landed a big outsourcing deal from Barclays Global Investors, which is also recognized in this year?s awards as the leading investment manager.
Ramy Bourgi, JPMorgan?s business executive for investor services in Europe, Middle East and Africa, says being picked as best provider by BGI was particularly satisfying. ?They grew by almost $100 billion last year and clients like that don?t grow on trees,? he says.
JPMorgan is marked out as the clear leader of its peers in the industry?s leading poll of fund managers, insurance and pensions markets, as conducted by Euromoney?s sister publication, Global Investor. When the leading institutional investor clients votes are given greatest weight, JPMorgan comes distinctly ahead of State Street, Bank of New York and Citigroup.