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July 3, 2008

JPMorgan strikes deal with SAMCo

by Richard Kilner

Story link: JPMorgan strikes deal with SAMCo

JPMorgan and Shell Asset Management Company (SAMCo) have reached an agreement whereby JPMorgan will offer a global provision to service Shell’s corporate pensions and insurance plans, with combined assets of over $70bn.

JPMorgan will offer a range of advanced services, providing fund accounting and administration and certain securities lending services, for SAMCo, and participating pension funds.

JPMorgan’s head of EMEA business development, Francis Jackson, explained that the firm’s approach was that of global reach coupled with local delivery.

Jackson went on to say that the firm considered this to be a landmark deal due to its sophisticated asset pooling structures.

 

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