JPMorgan Securities Services has been appointed by Nordea Asset Management to service its newly launched BetaPlus ETFs.
The US-headquartered bank will provide Nordea with a range of services, including fund accounting, custody, transfer agency, order taking, ETF servicing and basket services.
Previously available only through traditional UCITS mutual funds and institutional mandates, the ETFs form part of Nordea’s family of active enhanced strategies.
Ciaran Fitzpatrick, Global Head of ETF Product Management at JPMorgan, said: “We are seeing tremendous growth in Europe, particularly in the active ETF segment of the market, so it is a pleasure to have worked on this strategic partnership with Nordea AM, increasing our relationship across both firms.”
