J.P.Morgan has been appointed to provide custody and related services to BankInvest, the Denmark-based asset manager and provider of investment funds in the Nordic region which has total assets under management and administration of USD23bn.J.P. Morgan will provide custody services to 28 listed investment funds managed by BankInvest with approximately USD9bn of assets. The mandate was awarded following a review of both Danish and global custody providers. Previously, domestic banks based in Denmark had acted as custodians to BankInvest.
"We are pleased to have appointed J.P. Morgan as custodian to provide quality, competitive custody services to our investors," said Christina Larsen, managing director of BankInvest and BI Management A/S, the administration arm of the asset manager. "BankInvest and our investors will now benefit from J.P Morgan's global reach and significant technology investment."
