JP Morgan secures custody mandate from Neuberger Berman in Australia
Australia’s largest custodian continues to grow with extended deal from asset manager for its unlisted unit trust assets.
Australia’s largest custodian continues to grow with extended deal from asset manager for its unlisted unit trust assets.
The acquisition of the business marks Clearstream’s first venture into the Australian funds market, as it looks to grow its presence in the Asia-Pacific region.
JP Morgan was the largest custodian in Australia with $778 billion in assets under custody at the end of 2017.