J.P. Morgan has won the mandate to provide custody and related services to The John Lewis Partnership Pensions Trust. The previous custodian was BNY Mellon.
J.P. Morgan will provide custody, accounting, performance measurement, FX, compliance, cash sweep and securities lending services to The John Lewis Partnership Pensions Trust, which has in excess of 2 billion in total assets under management.
We found J.P. Morgans offering to be superior to its competitors, including the scope of its securities lending, accounting and performance measurement services, and have been very impressed with its highly efficient on-boarding program, said Andrew Chapman, The John Lewis Partnerships Pension Investment Manager.
Chapman declined to comment specifically on why the change was made from BNY Mellon to J.P. Morgan, other than the services offered by J.P. Morgan were a “good fit”.
The pension fund also recently appointed