JPMorgan Wins Peru Securities Contract

JPMorgan has won a contract to provide securities services to Cavali, Peru’s central securities depository. The shop will provide custody and asset administration services to Cavali for its portfolio of global securities. JPM also provides this service to Cedeval, El Salvador’s central securities deposit. “We are expanding region to region among all different types of clients; not only central depositories but we have central banks, insurance companies, pension funds, mutual funds,” says Fabian Banchiero, product segment head for LatAm at JPMorgan Securities Company.