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JP Morgan names global custody head

The US bank has promoted its former head of fund services to lead its giant custody business globally

JP Morgan has promoted its head of fund services to lead its $21 trillion custody business globally, Financial News learned.

Chris Rowland will become global head of the custody business, reporting to Nick Rudenstine, global head of custody and fund services, according to a memo seen by Financial News. A spokesman for JP Morgan confirmed the contents of the memo.

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