ANZ deal boosts JP Morgan's custody business

Nov 22, 2009

The US bank's acquisition of ANZ's custody business will give it a local sub-custody presence in Australia and New Zealand, and a large share of the master custody market.

JP Morgan's purchase of Melbourne-based ANZ's custody business will round out the US bank's Australasian offering and give ANZ's clients a custody provider with global scale, say the firms' executives.

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