J.P. Morgan Chase leads private equity fund administration sector, survey found

image J.P. Morgan Chase was ranked as a top provider of private equity fund administration, according to a key industry survey by Global Custodian magazine.

J.P. Morgan received best-in-class recognition across 54 service categories, securing more top ratings than any other administrator, according to the Global Custodian 2009 Private Equity Fund Administration Survey. J.P. Morgan was top-rated overall for the third consecutive year, since the inception of the survey. Additionally, J.P. Morgan received best-in-class ratings across every category in Europe, was the only provider to be rated across all asset categories, and was one of only two providers to receive best-in-class awards in multiple regions.

According to the magazine, “J.P. Morgan maintains its perennial high standard. The fact that J.P. Morgan has grown its business on the foundations of a private equity fund manager [J.P. Morgan Partners], as opposed to setting up a third party in-sourcing business of its own, is certainly noticed by clients who know what matters to them.”

“We are thrilled to be top-rated for the third year in a row by Global Custodian magazine," said James Hutter, global business executive for J.P. Morgan Private Equity Fund Services. “We are gratified that we have maintained a deep understanding of the client base, and have earned a reputation for exceptional service delivery.”

The magazine noted that J.P. Morgan’s transition team is especially admired and that the client service score is “exceptional.” One client lauds "exposure to many different funds/situations, which is very helpful when on-boarding new funds."
Other client comments in the survey included:

• “We often pat ourselves on the back for choosing J.P. Morgan.”
• “Excellent brand image …”
• “There has never been a single instance, even after regular work hours, when our manager has not been responsive to my e-mails and phone calls and has always responded to me in a professional and respectful manner.”

J.P. Morgan provides top-rated administration services to more than $200 billion in alternative assets. It has offices in New York, London, Jersey (Channel Islands), Sydney, San Francisco, Chicago and Dallas. The Private Equity Fund Services group offers services for private equity funds, institutional limited partners, real estate funds, infrastructure funds, funds of private equity funds, distressed debt and hybrid funds. The global bank offers cash management and foreign exchange services in addition to fund and portfolio administration.

Source http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20091006005502&newsLang=en



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