J.P. Morgan’s Worldwide Securities Services business has won four custody and FX mandates in the UK: The First UK Bus pension scheme, the Home Retail Group, the University of Oxford Capital and Endowment Funds and the Tudor Trust.
J.P. Morgan will provide custody, accounting, FX and cash management services to both First Group and the Home Retail, and additional passive currency overlay services to Home Retail. First UK Bus pension scheme has 700 million in total assets under management and Home Retail Group pension scheme has 640 million.
J.P. Morgan will also provides global custody accounting, passive currency overlay and cash management to the Oxford Capital Fund and Oxford Endowment Fund, with total assets of 1 billion, and global custody, FX and cash management to Tudor Trust, a charitable foundation, which has total assets of 225 million.