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JPMorgan taps rival to fill major custody role

Wall Street bank is upping its fiduciary middle and back office options to institutional investors

JPMorgan taps rival to fill major custody role
Photo: iStockPhoto

JPMorgan has recruited the head of depositary services from Northern Trust for a key position within its giant custody business.

John Cargill has joined the Wall Street bank to run depositary and fiduciary services, according to a memo seen by Financial News.

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