Copying and distributing are prohibited without permission of the publisher
Aviva and JPMorgan deepen custody deal
22 February 2013
JPMorgan and Aviva have renewed their outsourcing relationship
JPMorgan's Investor Services has reached an agreement to renew
its outsourcing relationship with Aviva Investors,
where it will continue to provide investment
operations services, global derivative services, derivatives
collateral management, fund accounting and general ledger
reporting to the latter.
JPMorgan has been a custodian to Aviva since 1992
and back office provider since 2004. The assets under its
administration were £274bn as of late September 2012.
"Aviva's relationship with JPMorgan is an important one, and we
are pleased to extend it. JPMorgan's support of our business
model through its flexible platform positions us well to
satisfy our clients today, as well as to evolve as markets
continue to change," said global CEO at Aviva Investors, John
Aviva will use JPMorgan's platform, which is designed to
be customizable and can support a range of fund types,
including alternative investments.
Francis Jackson, head of investor services, Emea at
JPMorgan, said the custodian is looking
forward to deepening its extensive custody relationship with