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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 Aviva.