JPMorgan chosen for managing Nordea's Exchange-Traded Fund collection
In a strategic move, JPMorgan Securities Services has been appointed by Nordea Asset Management to provide a range of services for their ETFs. This partnership will see JPMorgan Securities Services offering transfer agency, custody, fund accounting, order taking, and basket services to Nordea Asset Management.
This expanded relationship marks a significant milestone for both parties, as JPMorgan Securities Services continues to play a crucial role in the growth of the active ETF segment of the European market. Ciaran Fitzpatrick, Global Head of ETF Product Management at JPMorgan, expressed his pleasure about working on this partnership with Nordea Asset Management.
Nordea Asset Management has recently launched the BetaPlus ETFs, which form part of their family of active enhanced strategies. These ETFs are available not only through traditional UCITS mutual funds and institutional mandates but also through this strategic partnership with JPMorgan Securities Services.
Ciaran Fitzpatrick also expressed his satisfaction with the growth in Europe, particularly in the active ETF segment of the market. He noted that JPMorgan Securities Services has been instrumental in this growth, contributing to the expansion of the active ETF segment in the European market.
This strategic partnership between JPMorgan Securities Services and Nordea Asset Management has increased JPMorgan's relationship with Nordea Asset Management. It is a testament to the confidence that Nordea Asset Management has in JPMorgan Securities Services' capabilities and services.
The ETFs launched by Nordea Asset Management are part of the active enhanced strategies offered by the company. This strategic partnership will enable Nordea Asset Management to offer their ETFs to a wider audience, providing investors with more options in the active ETF segment of the market.
With this partnership, JPMorgan Securities Services continues to solidify its position as a leading provider of ETF servicing in the European market. It is an exciting time for both JPMorgan Securities Services and Nordea Asset Management, as they embark on this strategic partnership and look forward to a successful future together.
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