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Hampshire County Council selects JP Morgan Chase

26 September 2013

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Hampshire County Council has appointed JP Morgan Chase Bank NA to be a global custodian for its pension fund.

The contract, worth £2m, was awarded to JP Morgan Chase Bank and is not likely to sub-contracted.

The global custodian's tasks will include the safekeeping of assets, trade settlement, tax collection, corporate actions, proxy voting, investment accounting, performance measurement, foreign exchange and cash management.

According to Hampshire County Council Pension Fund's 2012 accounts, Northern Trust was listed as a custodian for the scheme.

First published 26.09.2013