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

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

Rating:Squeeze Play Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, February 07, 2001

Squeeze Play

Reported by Alfred Wang

JP Morgan Investor Services launched the entire range of ETF services, counting the Vanguard Group's custody of $157 billion in assets as the first stream of business.

The account for six mutual funds was taken from State Street, including the custodial services for Vanguard's ETF shares, known as VIPERS.

According to George Evans, senior vice president and global business development executive, the new business is part and parcel of a new strategy to move on the global ETF marketplace: using the firm's global infrastructure to up the barriers of entry to the marketplace of high-end back office services, while partnering with the largest companies as consolidation shrinks the number of players.

"This is not a product play" said Mary C. Orr, senior vice president and group executive for global funds services. "[We're] confident that this product will be definitional in the marketplace." 

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
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:
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