JP Morgan appointed Praemium SMA partner
Praemium has signed JP Morgan as its custody and execution service provider for its international separately managed account business.
Under the terms of the deal, Praemium SMAs will be made available through JP Morgan’s custodial platform and Praemium will gain access to the global bank’s research and trade execution facilities.
“As Praemium focuses on the international expansion of its SMAs business, the combined strength of JP Morgan’s custody and markets businesses, as well as our technology platforms and depth of knowledge, will deliver significant efficiencies to Praemium,” said Bryan Gray, head of client relationships and sales, custody and fund services for JP Morgan’s Australian business.
“To ensure Praemium has a distinct competitive advantage as it grows its offering, it will access our strategy, economics, fixed income, equities and foreign exchange research and be able to view the pricing transparency of equities and custody records through our online platform.”
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