J.P. Morgan Selected by State of New Mexico
10 June 2010 New York
Image: Shutterstock
J.P. Morgan Worldwide Securities Services, a leading provider of global custody and fund services, today announced that it has been selected by the State of New Mexico to provide custody and securities services for the State's more than $40 billion in assets.
The State of New Mexico has four separate agencies: the State Investment Council, the Public Employees Retirement Association, the Educational Retirement Board, and the State Treasurer’s Office.
J.P. Morgan will provide a wide range of custody and securities services including: global custody, fund accounting, asset and alternative investment servicing, compliance reporting, foreign exchange, cash management and performance analytics.
"We chose J.P. Morgan because they offer the complete breadth of services we require. The firm scored well during the RFP committee evaluation of J.P. Morgan's proposal, based on the criteria established for the state's custodial service requirements. We are impressed with the strength of the firm, their commitment to the public pension market and we believe they have the right combination of customer service and technology to provide the best service for our funds," said James B. Lewis, New Mexico State Treasurer.
Robert Caporale, head of new business development, Americas, J.P. Morgan Worldwide Securities Services, said: "J.P. Morgan is proud to be working with the State of New Mexico. We will provide the State's four agencies with an outstanding set of global securities services delivered with award-winning technology by an expert team."
The State of New Mexico has four separate agencies: the State Investment Council, the Public Employees Retirement Association, the Educational Retirement Board, and the State Treasurer’s Office.
J.P. Morgan will provide a wide range of custody and securities services including: global custody, fund accounting, asset and alternative investment servicing, compliance reporting, foreign exchange, cash management and performance analytics.
"We chose J.P. Morgan because they offer the complete breadth of services we require. The firm scored well during the RFP committee evaluation of J.P. Morgan's proposal, based on the criteria established for the state's custodial service requirements. We are impressed with the strength of the firm, their commitment to the public pension market and we believe they have the right combination of customer service and technology to provide the best service for our funds," said James B. Lewis, New Mexico State Treasurer.
Robert Caporale, head of new business development, Americas, J.P. Morgan Worldwide Securities Services, said: "J.P. Morgan is proud to be working with the State of New Mexico. We will provide the State's four agencies with an outstanding set of global securities services delivered with award-winning technology by an expert team."
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