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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 Hodgson.
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