JP Morgan said it will provide a wide range of custody and securities services including: global custody, fund accounting, performance analytics, alternative asset administration, compliance monitoring, securities lending, transition management, foreign exchange, and cash management.
MainePERS chief investment officer Andrew Sawyer said they chose JP Morgan because they offer the complete breadth of services they require.
"We are impressed with the strength of the firm, their commitment to the public pension market — and we believe they have the right combination of customer service and technology to provide the best service for our funds.
"In addition, as MainePERS looks to increase our allocation into alternative investments, JP Morgan clearly has the expertise and tools to provide the administration, reporting, and transparency that we desire," Andrew Sawyer.
