J.P. Morgan picks up another mandate from SFG Australia
SFG Australia subsidiary Mosaic Portfolio Advisers Limited has further cemented its relationship with J.P. Morgan Worldwide Security Services by handing it a mandate to provide custodial and fund administration services to a number of additional funds.
J.P. Morgan was handed the mandate following a competitive tender process conducted as part of the integration of Shadforth Financial Group and Snowball Group which formed SFG.
It will see J.P. Morgan handle custody and fund administration for 10 additional funds, building on the firm's existing mandate of four MPA managed investment schemes, which it has handled since 2011.
Commenting on the mandate, J.P. Morgan head of relationship management David Brown said the expanded services would include performance reporting and mandate compliance.
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