Consolidating onto Bravura Solutions’ Transfer Agency solution.
JP Morgan Asset Management (JPMAM) is one of the world’s largest active fund managers and a well-known leader in cash, fixed income and equities, in multiple investment styles. As part of JPMorgan Chase, a global provider of financial and asset management services, JPMAM’s experience spans more than 150 years, with clients in over 100 countries. It has over US$898.2 billion of assets under management and offers an extensive range of investment vehicles including equities, total return funds, bonds and property.
Historically, JPMAM had used Bravura Solutions’ Rufus Global Transfer Agency product to administer its UK product range. This supplier relationship dated back to 1998 when Bravura Solutions first began working with Save & Prosper, part of the Fleming Group. Fleming Group was acquired by Chase Manhattan in 2000, which subsequently merged with JPMorgan in 2002.
In 2005, a project was undertaken to deploy Rufus for JPMAM’s transfer agency operation in Luxembourg. Completed in 2006, this implementation created a pan-European transfer agency operation. The majority of JPMAM’s clients were consolidated onto the Rufus platform which also supported the majority of the UK and European product range.