J.P. Morgan wins NB mandate

11 June 2019
| By Mike |
image
image
expand image

J.P. Morgan has won a key custody mandate – that of asset manager Neuberger Berman.

Neuberger Berman announced today that it had appointed J.P. Morgan to provide custodial and fund administration services to the asset manager’s $2 billion of Australian unlisted unit trust assets as a follow-on from J.P. Morgan’s custodial role in the successful launch of the listed $413 million NB Global Corporate Income Trust last year.

Commenting on the mandate, J.P. Morgan head of Sales and Relationship Management, Securities Services Australia and New Zealand, Brian Gray said he believed the company was uniquely positioned to support global asset managers in the Australian market and was delighted to expand its partnership with Neuberger Berman.”

Neuberger Berman Head of Intermediary Distribution, Matt Thompson said the firm’s recent announcement to offer new units in the NB Global Corporate Income Trust, along with its plans to launch several managed funds, demonstrated its commitment to the Australian marketplace.

“The exceptional support from J.P. Morgan in the listing of NBI has provided us with the confidence and impetus to expand our partnership,” he said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest developments in Super Review! Anytime, Anywhere!

Grant Banner

From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...

1 year 3 months ago
Kevin Gorman

Super director remuneration ...

1 year 3 months ago
Anthony Asher

No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...

1 year 3 months ago

Governor Bullock took a more hawkish stance on Tuesday, raising concerns over Trump’s escalating tariffs, which sent economists in different directions with their predict...

2 hours ago

Equity Trustees has announced the appointment of Jocelyn Furlan to the Superannuation Limited (ETSL) and HTFS Nominees Pty Ltd (HTFS) boards, which have oversight of one ...

3 hours ago

Following growing criticism of the superannuation industry’s influence on capital markets and its increasing exposure to private assets, as well as regulators’ concerns a...

3 hours ago

TOP PERFORMING FUNDS