JPMorgan Worldwide Securities Services (JPMorgan WSS) plans to use its Australian operations as a fund accounting hub for the Asia-Pacific.
The phase-in of international accounting standards was allowing JPMorgan WSS to cement Sydney as its regional “centre of excellence” for fund accounting, according to Australian business head Tony Winwood. The Sydney office is now supplying accounting for major institutions in Taiwan, China, Korea and Vietnam. About 30 additional fund accountants were hired over the past 12 months, and more would be added following head office approval of the “centre of excellence” status, Winwood said.
21/11/2006
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Investments
Aware Super has backed the call for a legislative change that will introduce mandatory human rights due diligence for large Australian companies, as head of responsible investment Liza McDonald said it’s a “reasonable request” which will help asset owners understand and manage the governance risks in their portfolios.
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