PGGM selects JP Morgan as third custodian

​After a thorough selection process and subsequent due diligence, asset manager PGGM has decided to appoint JP Morgan Chase, N.A. to become the third custodian for PGGM and her clients.

Press release

​PGGM strives for constant innovation, risk spreading and transparency in her activities. With the appointment of JP Morgan Chase as the third custodian, PGGM is looking forward to a long term relationship with a strong partner in the financial industry.

Marc van den Berg, COO Investment Management PGGM: ,,During the selection process over the last nine months we got acquainted with the professionalism and skills of employees of JP Morgan and their resilience in meeting our objectives. We are keen to get this relationship started”.
 
Francis Jackson, Head of Investor Services, EMEA, J.P. Morgan: ,,We are delighted that PGGM has selected J.P. Morgan to provide custody and related services. This is an endorsement of J.P. Morgan’s capabilities, demonstrating the success of J.P. Morgan in a highly competitive marketplace. The Dutch market is an extremely important and established market for J.P. Morgan and we continue to make significant investments to enable us to continue to service the needs of our clients and retain our position as the market leader."
 
About PGGM
PGGM is a cooperative Dutch pension fund service provider. PGGM offers its institutional clients: pension fund management, comprehensive asset management, policy advice and management support. Currently – on behalf of five pension funds – PGGM manages slightly in excess of EUR 133 billion for 2.5 million people. As a co-operation with more than 578,000 members, PGGM is helping to achieve a valuable future. Either alone or with strategic partners, PGGM is developing innovative future provisions by linking together pensions, care, housing and work.

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