Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:JPMorgan Fund Services Head Talks Expansion Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, October 01, 2007

JPMorgan Fund Services Head Talks Expansion

Reported by Erin Kello

JPMorgan Fund Services is a name you'll be hearing a lot more often when talking about back-office providers if Mark Kelley, head of JPMorgan U.S. Fund Services, gets his way.

"We used to call ourselves the best kept secret in the industry when I started here," Kelley said, "but now we've grown way past that."
Mark Kelley
JPMorgan Fund Services
Head U.S. Operations


"In the last 18 months we have increased the number of funds we service by 35 percent and we have increased the number of employees from 400 to 600," Kelley told The MFWire. He said that the biggest area of growth for JPMorgan has been in providing back-office services for ETF firms such as Rydex and ProFunds.

Mergers of other back office providers, like the recent State Street-IBT combination, have also created many opportunities in the market to pick up business, according to Kelley. "These (mergers) sometimes make fund companies step back and re-evaluate the service they are receiving," Kelley said.

Kelley expects the growth at JPMorgan to continue on for the foreseeable future and says that the company expects to announce more wins soon.

As part of the expansion, JPMorgan will be expanding its offices at 1 Beacon Street in Boston as well as adding more people to its team. "We will be expanding our team as we bring in more business," Kelley said.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use