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Mutual funds

J.P. Morgan to administer Eagle’s mutual funds


J.P. Morgan Worldwide Securities Services has been mandated for the fund administration, custody and related securities services for Eagle Mutual Funds, the mutual fund complex of Eagle Asset Management.

Eagle Asset Management manages over USD3bn in mutual fund assets with approximately 642,000 total shareholder accounts.

J.P. Morgan will provide a range of services including global custody, fund accounting, fund administration and transfer agency to provide a back-office solution for Eagle funds.

“We selected J.P. Morgan as our partner because of their strong reputation, ability to deliver quality services and in-depth industry expertise,” says Richard Rossi, president and co-chief operating officer of Eagle Asset Management. “We are excited about the opportunity to realise operational efficiencies that will allow us to better serve our shareholders.”

Chris Lynch, head of sales and relationship management – Americas for J.P. Morgan Worldwide Securities Services, adds: “At J.P. Morgan, we provide securities services for nearly 25 per cent of the 40 Act-governed mutual funds in the US, and are proud to add Eagle as a new client to our strong franchise. We will be providing them with a superior set of transfer agency, fund accounting, administration, and custody services delivered by our experienced and seasoned team with our robust, award-winning technology.”

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