JP Morgan acquisition
Tuesday 25th May 2010, 3:00PM BST.
JP Morgan’s general manager in Jersey, Jenny Swan
US banking giant JP Morgan has signed a deal to buy the Guernsey fund services business of Schroders.
JP Morgan’s general manager in Jersey, Jenny Swan, said that the move showed the group’s commitment to the Channel Islands.
The deal will see JP Morgan Worldwide Securities Services take over the private equity administration services business of Schroders plc.
Subject to regulatory approval, JP Morgan will employ the eight Guernsey-based staff. The business it is acquiring has offices in Bermuda as well as Guernsey and has US$6.2 billion in capital under administration.
Read the full story in the Jersey Evening Post.
Click here for subscription details.
Individual editions are also available online.
Travel
To, from and around the Island
Airport Arrivals & Departures
Harbours Arrivals & Departures
Bus Information & Timetables
JOIN US ON...
Facebook and Twitter
Follow us on Facebook
Follow us on Twitter
Got a story? Get in touch
KIT 4 CLUBS
Win a share of £10,000
2012 is the year of the London Olympics and to celebrate this great event the Jersey Evening Post, in association with sponsors Ogier is giving all sporting clubs a chance to win a share of £10,000.
This is Jersey
Jersey Evening Post
Useful links
Here we go again . . . . . .
Report abuse