JP Morgan ramping up the guard

“We have extensive plans to leverage the ANZ Custodian Services acquisition and to grow the JP Morgan Treasury and Securities Services offering in Australia and New Zealand and beyond in the coming year.”
On 20 November, JP Morgan’s Worldwide Securities Services division announced its acquisition of ANZ’s Custodian Services business which included more than 100 clients, 150 staff and A$99 billion in assets under custody.

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Aware Super hunts hidden AI exposures as concentration concern grows

The $205 billion Aware Super says that around 15 per cent of assets in its high-growth option are exposed to the AI thematic, but says that finding the portfolio's true concentration will require looking beyond simple dollar aggregation. Head of investment strategy Michael Winchester unpacks the approach and why the fund has to be “really discerning” with where it allocates to in the future.

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