J.P. Morgan Awarded Asset Servicing Mandate by Bpf GIL

Amsterdam - 23 May 2011

J.P. Morgan Worldwide Securities Services (WSS) today announced it has been appointed to provide securities administration services to Stichting Bedrijfstakpensioenfonds voor de Groothandel in Levensmiddelen (Bpf GIL), further expanding J.P. Morgan’s securities services business with Dutch pension funds.

J.P. Morgan was appointed as global custodian for Bpf GIL, which has a total value of approximately €500 million, following a selection process conducted by Aon Hewitt.

John Gout, Market Manager for the Benelux region, J.P. Morgan Worldwide Securities Services, said: “We’re delighted to work with Bpf GIL as we continue to demonstrate our local commitment and execute on our strategy of enabling pension funds to be in control of their business.”

Benjie Fraser, Practice Lead for J.P. Morgan Worldwide Securities Services’ pension fund business in Europe, said: “J.P. Morgan continues to demonstrate its commitment to the Dutch pension fund market in particular, and the European market in general. Working with Bpf GIL demonstrates the depth of our experience and our ability to provide tailored pension board reporting.”

Boudewijn Heineman, Chairman of the Investment Committee at Bpf GIL, added: “We are pleased to have appointed J.P. Morgan as global custodian and we value their extensive expertise in the local Dutch market which, combined with their unparalleled global reach, will bring significant value to our business.”

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