Processing's challenge? New products

When it comes to growth in securities services, it is all about the hard stuff, says JPMorgan.

Global custodians are competing today on how well they can process new products for clients, making this a new area of focus for JPMorgan's worldwide securities services group, says Michael Clark, New York-based executive vice president on a recent visit to Asia.

The edge is found in products such as over-the-counter derivatives, leveraged loans, hedge funds, private equity and real estate - all involving unique transactions that must be integrated into custody and accounting processes, Clark says. JPMorgan has recently established a unit in Dallas dedicated to leveraged loans, for example, which are currently processed through millions of faxes each quarter, he says, with a fail ratio as...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222