FIA Foundation for the Automobile and Society (FIA Foundation) has appointed JPMorgan Investor Services as global custodian.

Initially, the mandate will consist of a $100m (€114m) global equity portfolio managed by Morley Fund Managers and a $100m fixed income portfolio managed by AXA Investment Managers, who recommended JPMorgan's custody services to FIA Foundation.

JP Morgan wins FIA charity custody mandate

Pirkko Juntunen

JP Morgan

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Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end Western brands.

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The pact imposes a baseline tariff of 15% on the U.S.’s biggest trading partner.

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The lender forecast total income excluding notable items to exceed $21.61 billion as loan growth and structural hedges continue to mitigate the impact of interest-rate cuts.

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The president turned a rare visit to the U.S. central bank into political theater that included hard hats and a back slap.

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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