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 November 2006 00:00
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Investments
Colonial First State chief investment officer Jonathan Armitage says a shift away from reliance on US mega-cap tech stocks is reshaping portfolio resilience, with emerging markets, private debt and catastrophe bonds helping to drive returns across the portfolio.
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