Mike Neilson, chief operating officer at CFM, said, "We were keen to rationalise our existing outsource arrangements, with a view to consolidating them into a more efficient solution. We selected JPMorgan as our main partner after an extensive appraisal of UK service providers. We are impressed with JPMorgan's superior service offering, its experience in working with similar fund management groups and its flexibility in providing services tailored to our client base."
Ramy Bourgi, business executive for JPMIS in Europe, said, "We are excited to have Cazenove as a client of JPMorgan Investor Services. This agreement highlights our ability and commitment to service a broad range of investment managers and we are delighted that Cazenove found our offering to be the most compelling in the market."
The transition of services is expected to begin in April 2005.
