J.P. Morgan Appointed By Söderberg & Partners To Provide Custody
J.P. Morgan’s Worldwide Securities Services (WSS) business today announced it has been selected by Söderberg & Partners, a Swedish asset manager with funds domiciled in Luxembourg, to provide a range of securities services including custody, fund accounting and transfer agency for Söderberg’s recently launched SICAV fund. The SICAV consists of three sub-funds.
Carl-Adam Högberg, head of Asset Management, Söderberg & Partners, said, “We are confident that J.P. Morgan has the capabilities, experience and expertise to provide the support and innovation needed in today’s economic climate.”
John Gout, head of the Nordic region for J.P. Morgan’s WSS business, said, “We are delighted to have been chosen by Söderberg & Partners following their search for an established custodian and fund administrator to work with over the long-term. We look forward to working with Söderberg & Partners at an exciting time for them as they launch the SICAV fund.”
Söderberg & Partners is an advisor and distributor of insurance and financial products in Sweden. It was founded in 2004 and now has more than 900 employees in 50 offices in Sweden.
J.P. Morgan has been in Luxembourg for 39 years, where it employs more than 500 staff in its WSS business, and is the largest custodian and fund administrator in the country, according to Lipper’s 17th Annual Luxembourg Fund Encyclopaedia.