JP Morgan is ramping up the guard in its Treasury & Securities Services division, to capitalise on its recent agreement to acquire the ANZ Custodian Services business.
Jane Perry, chief executive officer of JP Morgan Worldwide Securities Services in Australia and New Zealand, has been promoted to Treasury & Securities Services Country Head for Australia and New Zealand. She will be responsible for all activities of the Treasury & Security Services business including sales, client coverage, client service and product management.
Treasury & Security Services includes both Worldwide Securities Services and Treasury Services functions. This change is in line with the country management model currently operating in China and also being extended to Japan.
In relation to this appointment, Simon Jones, Treasury Services APAC Regional Executive, said, “This change allows us to more effectively deliver solutions covering both securities and cash products, something our clients are increasingly looking for.”
Perry has more than 20 years of business management experience. Before joining JP Morgan in 2006, she spent 10 years at AXA rising to the position of chief operations officer with direct accountability for all operations across Australia and New Zealand. She has also trained and worked as a teacher, run her own consulting business and worked as an associate director of KPMG Management Consulting.
Tony O’Neill, currently head of Australia and New Zealand Treasury Services, will now also take on responsibility for Treasury & Security Services Sales and Coverage for the bank and corporate segments. Bryan Gray, currently Australia and New Zealand Worldwide Securities Services Head of Sales and Client Management, will become head of Treasury & Security Services Sales and Coverage in the region for the Non Bank Financial Institutions segment, which encompasses pension funds, insurance and fund managers.
O’Neill and Gray will report directly to Perry. All three began on 1 January. Geoff O’Callaghan, the current head of ANZ Custodian Services, will continue in this role and will report directly to Perry from 18 December.
Laurence Bailey, CEO of Worldwide Securities Services Asia Pacific, said the new appointments reflected JP Morgan Worldwide Securities Services’ strong commitment to the successful integration of the ANZ Custodian Services business and to positioning JP Morgan Worldwide Securities Services as the only full-service custody service provider in Australia and New Zealand. “Following the acquisition, JP Morgan is now the only firm offering a full range of custody services including local, global, sub-custody and fund administration services to both domestic and international fund managers and institutions in Australia and New Zealand,” he said.